I bought shares in the IPO, so from my point of view the shares are very cheap anywhere near this price, and the presentations are looking more and more interesting. That is a big permit on NZ's scale there at WKP, looks like it could go past 5Moz without much trouble (35% of $8.5bill of gold). A bit more placer cashflow would help with the small annual costs, normally about $5mill-$8mill including exploration. GEL is keen on JVs, they have several on the go, but for other costs they need cash in the bank. I think if it was a game of poker you'd match the bet and wait to see what cards they had (the new project).