Ann: Company Update, page-22

Iroth - I can only agree. RRL seem willing enough to pay (with script) around $85m for CMM, with its 800k reserves... but they will still have to build a $132m plant (not including a couple of months 0f pre-production costs), so... all up, I think around $220-240m. Whilst EARs overall reserves AISC is higher, you have already got a plant. Anyway I think Eshmun on the CMM threads has it right. Its a buyers market, the small end of the gold sector are bleeding and wounded, whilst the big end of town are flying high with script and cash.