Since quarterly financials need to be out within 45 days, ours should be out on Friday of this week. In Q4 of 2010, our production was as follows:

Gold = 2,364 oz

Silver = 92,786 oz

Lead = 134,931 lbs

Zinc= 125,401 lbs

In Q4 of last year we had $6.4 million in revenues. This was probably 2/3 from production and 1/3 from sales of the stockpiled gold pyrite. I remember reading that sales of the pyrite from our stockpile were complete, but do not recall if that incuded any sale in Q1 of this year. If our production in Q1 matches the previous quarter, our revenues in Q1 should be around $5.84 million using average Q1 prices and a 10% smelter fee. Any sales of the stockpiled gold pyrite in Q1 would be in addition to the predicted $5.84 million. Also hopefully production went up in Q1 thanks to higher mill recoveries and higher tonnage in the sulphide mill. Average tonnage at the sulphide mill in Q4 was only 95 tpd which was much below our capacity of 320 tpd.