no doesnt appear to be Apex, but anyway I doubt their 1bill ounces silver is going to present a 10m dilution issue for convertible debt, and if ECU keep their promise and cover their costs vis production in 2008 ECU should appreciate with rising silver/gold. There are other large early stage production companies that have a healthy market cap due to resource scale. Substantial world class resources take a lot of finding and so does drilling testing, filing and funding of same.