This quote suggests good news coming soon on higher gold production from the oxide mill due to processing gold/pyrite con. This will increase revenue substantially as indicated at the AGM meeting. The discussed amount of revenue per month was well over $2 million with the gold/pyrite con being successfully processed. This break-through has to be close to be mentioned in the MD&A like this.

"We began treating oxide material through the oxide mill in April of 2009, about two months ahead of schedule. We expected to initially operate the mill at 200 to 250 tonnes per day for an annual throughput of approximately 60,000 to 75,000 tonnes, however we have been able to operated well in excess of this and have been averaging over 400 tpd. The oxide mineral resources, as disclosed in the Company’s N.I. 43-101 Technical Report, contains 1,075,000 tonnes of measured and indicated resources grading 2.95 grams/tonne of gold and 162 grams/tonne of silver.

In order to fund the purchase price of US$8 million for the oxide mill, we raised $17.5 million in a “bought deal” financing. Since this was a firm underwriting commitment, the pricing of the deal was structured based on the “no risk” financing available to us. Consequently, we issued a $0.70 unit which consisted of a common share plus a warrant, both of which are traded on the Toronto Stock Exchange. The Company evaluated other forms of financing, however the terms of the other proposals were not as compelling as the terms of the equity financing."

We will continue to focus on operations in the next quarter with a view to testing the viability of alternative methods to treat our additional pyrite inventory. In doing so, we hope to enhance the gold content of our doré bars which will enhance our revenues.