I have been thinking about something over the most recent gold surge to new levels. The "economical" depth to mine this deposit has been capped at 1000 m for the purpose of tonnage calculations etc. - all the while, the price of gold has continued to creep up from the ~ $1050/oz level where we first heard the company use this calculation. I did not specifically ask Tilsley how that 1000 m depth was determined but I would anticipate that the economical depth to mine this deposit may be increased to 1200-1500 m if gold either continues to climb or stabilizes at these levels. As such, we may at some point see an abrupt upward revision in the tonnage potential for some or all of our mineralized zones assuming this thing continues at depth as it is predicted to do. I am very excited to see the deep drill results across all of the zones in the Bellechasse property.

Best,

Scott