I know from personal experience that raising funds for genome sequencing isn’t easy. So I can empathise with the McMaster Ancient DNA Center. Using 454 sequencing technology, they’ve sequenced almost 1% of the nuclear genome from the extinct woolly mammoth, but the project has stalled for lack of funds.
It might not yield the fabled “insights into human disease” promised by every other genome project, but it’s fascinating basic research that will tell us a lot about mammalian evolution and the biology of extinct ice-age animals. I hope that they can raise the $500 000 required to complete the sequencing.