We will continue to explore ways to reduce both mining and processing costs through increased efficiencies. We are extremely excited by the results we are seeing to date.

One of our immediate goals will be to characterize each of these controlling structures in detail. This will allow the higher grades on these structures to be modeled separately with a significantly higher cut-off, leading to an increased grade overall and more contained ounces in the resource block.

If we develop our own, it will probably be our dollars. If we turn to the authority, there will be strong support from the state and water management district. So there is some real incentives to look to the authority first.

I think what you're seeing is people reassessing these stocks that have had a pretty good move. You will see profit taking; we're seeing that today.

All 15 towns in the watershed that are up for new permits will get their new permits sometime in the coming year, hopefully by the spring. It will be interesting to see how many then ask for administrative law review.

I feel confident, but always, you can't take anything for granted. It will be tough, but definitely doable.