In the mining industry we use Troy ounces and that is equivalent to 31.1 grams

The $50 is conservative for projects of this magnitude once we show the world that this is for real, I would expect us to be higher than $50. The average of many explore co was $77. We have a multi million ounce deposit (to still be demonstrated but I feel it in me shivering bones) in the best mining jurisdiction in the world so I would expect something north of $77, maybe around $100.

Osisko is fully financed to production with a feasibility study demonstrating that they will be able to produce gold at some $391 per ounce placing them among some of the cheapest producers. These are the main reasons they are getting such value per ounce. We have a minimum of 3 years worth of work before getting to a similar point.

Glorieux