Our Long Valley project is an epithermal gold deposit located 30 miles northwest of Bishop, California. The project has a current measured and indicated resource of 1.2 million ounces and 600,000 ounces of inferred resources. Approximately 880,000 ounces of gold are located in near-surface oxide material that, based on our 2008 preliminary economic assessment, could be produced in a simple heap leach operation at gold prices above $550 per ounce. Long Valley also has numerous exploration targets with strong potential to increase the resource base. We are not currently actively advancing Long Valley, but will continue to hold the project in our portfolio for future development, joint venture or opportunistic divestiture.