Makes me nervous when I read articles such as this one. For the POG to go to such high levels necessitates an out of balance situation. I think of it much the same as when oil prices rose $140/bbl and here in Alberta the numbers went nuts. House prices went stupid. Everything was out of whack.

I've said it before and now again. Economic upheaval is not our friend. Developing a mine is hugely capital intensive, and I fear that if the POG is driven ridiculously high it will bite us in the hind quarters.

As much as I hope for permits and positive drill results, I pray for a period of economic calm where capital markets are working so a purchase of our property can be facilitated. The last junior I was invested in had the property and was ready for sale. Along came 2008 and basically nothing happened for 18 months until the financial crisis had settled itself.

The POG at these levels and perhaps with a modest rise over the next two years would be the best we could all hope for.