I went thru the MD&A and financials in detail. Based on $1200 gold, $18 silver, and 90 cent lead and zinc, production was $5,686,091 of metal and sales were $4,986,000 worth. The difference is mainly due to gold pyrite which was produced but not yet sold.

The gold recovery rate was 58.82% and the silver recovery rate was 60.26%.

Accounts receivable increased to $3.34 million vs $1.06 million 6 months ago.

Accounts payable decreased to $4.13 million vs $4.36 million 6 months ago.

Due to the shift in some of the long term debt to the current position and a payment we made on the mineral concession, long term debt has decreased to $6.93 million vs $16.51 million 6 months ago.

ECU's term loan is at $17,692,099 and repayment starts 11/30/10 with principle repaid monthly for 12 months and interest repaid quarterly. Based this, our payments will be about $1.5 million per month on average including the interest. My guess is that since we will be getting about $6 million from the gold pyrite sales and about $6 million profit from our regular metal sales by the end of the 12 month repayment, we will be about $6 million short which will require a small financing or partial loan rollover. This loan repayment is probably why the shorts are sitting on our share price.