Definitely worth a look at - although Q1 2011 not filed yet, we know about the WTG bridge loans. Also - were any further funds released from Deutsche Bank?

"these are some administrative costs: 2008........2 222 450
2009.......3 495 105
Q1 2010.......1 009 583
Q2 2010.......1 636 172
Q3 2010.......3 268 558
Q4 2010.......4 502 114
2010.......10 416 427
Q1 2011.......not filed yet

seems like quite an increase in costs when Finsky's boys took over, Q3 2010..........most of the start up work was done in the first part of the year and cost seemed ok ............the con job started in the second half of the year and the costs seemed..............

2010 started out with....18.8 million from Deutsche Bank

26.1 million from placements

5.2 million release from bank( april 2010)
50.1 million total

this got the mine up and running and moving forward also paid down some debt and obligations and equipment and even had an extra $2,728,839 in working capital left at end of first half of year......then a month later PK left

Finsky's boys took over( Hulley & Major)........september 16...........5 million private placement
september 24...........1.2 million private placement
october 19..................4.1 million bank release
Q3...............................7.215 million warrants exercised
Q2 & Q3.....................123 500 options exercised

november 10.........1.5 million private placemnt
december 1...........2.5 million flow though pp
december23..........4 million private placement
total....................25.6 million

working capital at the end of 2010 was........................223 890.........there you have it, how to use up 75.7 million dollars and still be mining 2g/t.......sure seems like a lot of money was raised in a three month period but a very small fraction left at year end......not to mention the jump in adminstrative cost in the same time period.............something doesn't seem right.............who knows maybe they gave back the placement money to the placees........it went somewhere

only expressing thoughts and opinions and nothing more"