"Q When did the review of the BFS start?-

A. There any many different components to the review process. It has been an on going process as we receive information from completed portions. We announced officially the review process on Sept 25th."

Management could of unofficially started to review sections of the BFS in the month of June.

News June 14, 2012

Feasibility Study
During the quarter, Tetra Tech advised that, due to manpower shortages and scheduling difficulties of staff, the March 31st timeline for completion of the Feasibility Study would not be achieved. The delay in completing the Mine Plan, a critical component in the Feasibility Study, has delayed the completion of the Feasibility Study until mid-late summer, 2012. The detailed mine plan is required to complete the economic analysis and sensitivity of the Schaft Creek project for the Feasibility Study. The results of the updated Resource Estimate will be incorporated into the Feasibility Study. The other portions of the work required to complete the Feasibility Study have either been completed or are nearing completion.