The oil price will defintely reduce the operating costs of any mine or proposed mine. On the other side of the slate, the falling CDN dollar will:

1. Increase the Capex cost as most equipmnet would be imported.

2. Increase the Canadian converted selling price and not by an insignificant amount. If the Loonie has dropped 10% since the 43-101, the $8500 number becomes $9,350.

3. Reduce the purchase price of the proeprty (or part of it) making it more (or even more) attractive. Just using numbers for the sake of numbers (nothing more), if the BOD wants a minimum of $10 per share CDN ($600 M CDN) for the whole deal, that is now under $500M in $US.