CMM acknowledges 1 Million of that 9 million. The other was from the previous owners and has nothing to do with CMM as a debt. The workers were given 40% of the company so when CMM originally bought the company, it bought out the 60% from the previous owner. It has since bought 23% or so from the workers but get 100% of production from a deal they have.

The 1M has been negotiated to be paid over a few years, I believe 2 but could be wrong. So this should not be an issue for us except we do not have workers at this particular momment.

Cash flow from the 4th quarter is already booked in along with the entire year. $th quarter results should be very strong from the SJ operations side. This disruption will hit us in a NR as disrupted cashflow probably in about 5 months or so.

By then, Lamaque should be producing and this story will be long gone.

Glorieux