Hmm. NOVAGOLD could only get $275 million for 50% of Galore despite the coming "copper deficit."

I realize Schaft Creek is the superior project in several respects, but we hold 25%. I'm also aware that Ernesto will make the final call on the price tag.

Schaft Creek buyout estimates that I recall from CUU longs ranged from about $800 million to $1.5 billion. I've always been hopeful that we could come close to $1 billion. Hard to remain optimistic about that these days, however.