The move we witnessed in the decade from 2001 to 2011, where gold moved from $250 an ounce to $1,950 an ounce, was not accompanied by an uptick in producer margins, particularly on a per-share basis. What does all this mean? It means that the major mining companies need to restock their inventories. The mines they are generating their cash flows from are old. So any successful discoveries will be well-supported by the market.