In Q1 2010 ECU had revenues from metal sales of $3,186,266. In Q2 2010, our revenues were $4,425,413, an increase of 39%.

In Monday's news release, ECU reported that not including the Foreign exchange loss, that the net loss for Q2 was only $1,706,504, and that this was an improvement of 6% vs Q1 which had a total loss of $1,852,350. The Q1 loss however was reduced $802,013 due to a foreign exchange gain in the quarter. Thus, not including foreign exchange effects, the Q1 loss was $2,654,363 and the comparative improvement in Q2 was a 36% reduction in loss, not just the reported 6%.

So we have a 39% increase in revenues and a 36% reduction in loss, and the gold pyrite sales will make a big impact in Q3.