We believe that the increased purchase price is justified as a result of recent increases in gold prices, the exploration success at Red Lake ... and additional synergies and tax efficiencies that we expect to arise from a friendly transaction.

Many exploration projects require a gold price of $350 or higher to be profitable, and I believe that larger companies will look to grow through acquisitions of other smaller companies which are making money, have mines, and ongoing projects. The trend will continue.

What we stopped is our exploration to find the gold because the camp was burned down by a community group. We will stop the exploration project until further review.

We had low commodity prices for almost 20 years. I think we're going to have high commodity prices for almost 20 years.

While the prices (of acquisitions) are going up, the competition is actually lessening.

We're looking to fill that gap as our production starts to go down six or seven years from now. And these mines, as everyone is learning, take longer and longer to drill out and to permit and build, so we're actively looking now.