The Stonecap analyst asked some very good questions and the discovery per ounce is right in the range that Silver and I speculated. So assume at least 1 million more ounces for 2011 exploration plus whatever they find pre release date in 2012. It sounds like Dale knows exactly what that number is and that number is closer to $25 than $50. Again, the word significant was used to describe the increase.

Will we see > 4 million ounces in all categories? I say at least.

From a purely fundamental standpoint, it also sounds like 2011 was the last year of negative earnings and what if scenarios on the mine plan.

Put today on the calendar as rock bottom.

It's also ironic that Stonecap hasn't sold 1 share since the questions were asked at the conference call.