I don't think a small company could do anything in the Northwest Territories or Nunavut. You're not talking about $100 million or $200 million; you're talking about half a billion dollars to pretty well get a mine going. I would say that would probably be the minimum now: $100 million to do the permit, then usually they buy out somebody for their land, and that's anywhere from that amount on up. I think Agnico-Eagle paid $300 million or $400 million for the land at Meadowbank.
On December 5th, 2011. See this statement in context.