"Michel Roy, Chairman and CEO of ECU stated, "The Terneras vein is one of the largest in the area and our work suggests this section of the vein continues for almost three quarters of a kilometre, which will make this area a very important mining unit for us. As witnessed in the Terneras vein, we are seeing a trend where we have opened several areas which contain mineral resources that are classified as inferred yet we have been successfully treating this material in our mills.""

The 43-101 is what most "sophisticated" investors of PM shares use when assessing the value of a miner. The Terneras activities essentially demonstrate actual resorces even though they are not classified as such in the 43-101. The implication, from just this ONE vein, is that management has been SUPER CONSERVATIVE in that they have focused on developing the mine rather than the paper work. The 43-101 does not come anywhere near showing the real in the ground, mineable metal. This may have made it a bit harder to get cash for development, but the other side of that coin is that ECU is demonstrating real world measures of metal in the ground. They are demmonstrating not the possibility of economical development, they are demmonstrating ACTUAL production!

When the paperwork catches up and the people catch on to the huge amount of mineable metal in the ground, ECU will sky rocket. Add to that the huge potential for the price of the metals themselves to sky rocket and ..... fill in your most optimistic scenario... then tripple it!