MajorD wrote "Bought deals are very indicative. In these troubled times any kind of financing is positive let alone bought deals."

Agreed sir. I remember similar howls of protest when ECU issued a sh*tload of equity at 25 cents to finance exploration, only to watch the SP rise agressively to $4.00 or a 16-bagger. Point is as long as money raised is spent wisely, we all stand to profit handsomely at the end of the day. Period end. In an environment of near record Gold & Silver prices, it just makes good business sense to take advantage of the bull trend & bump up production levels with a second mill. Remember Sinclair's & Puplava's advice well - near-term & current producers will prosper most in this tight credit environment, and higher output will eventually make ECU a more appealing merger or takeover candidate down the road.