Scotland's quite a country for natural resources isn't it? First we have oil and now we have gold.
Tucked away, in a tiny rather isolated community on the western boundary of Perthshire, 20,000 ounces of gold, with a value of £13 million, will be mined annually from 2011.
Chris Sangster, the chief executive of Scotgold and a mining engineer, bought the old mine in 2007 just as gol prices began to rise. The company had estimated that it needed a price of around $650 per ounce to have a viable business, but with the recession pushing the price to $1,113 it now has the prospect of reaping untold riches.
More than 50 jobs will be created in the construction of the process plant and in the mine itself and the locals have given the project their full backing.
As for any clondikers, put away your pans and heed the words of Mr Sangster. "It's a fairly remote place. Then there's the simple fact that anything that you could carry away is worthless, more or less."