-talks still going on with PDG. -100,000 ounces of gold still in inventory, will be gone by the end of quarter. -Gold in the gound is better than gold in inventory. -Gold will reach 500 by end of year. -1/2 billion in cash and 1/2 billion credit and he will use it. -Cheaper gold price is currently better because they might get mines cheaper. Gold going up or down is positive for GOLDCORP.
Brian asked about interest in Mexico...Telfer said he feels Mexico is pro mining and is looking to find deals there. Mentioned selling Gold in hand and buying Gold in ground. Talks with PlacerDome continue. Seemed like just a ra-ra interview. He expects Gold to be $500 end of year and continue to make new highs next year.