The financials had no surprises at all to me and were pretty much as expected and suggested by the company. The filings were also normal course and have ocurred before with no selling by our 19.9% insider shareholder so I would expect the same outcome this year.

The focus for shareholders should be on operational enhancements at Velardena mine and milling operations as updated by the company a couple months ago plus the two 43-101 resource reports coming in the next few weeks. Of course the company will also be reporting on exploration results as well probably in the next few weeks and throughout the year. Past this we should be watching for the PEA report on the Velardena 2000 tpd mill addition. The company's 2012 budget for the above is well capitalized and planned for as outlined in the just produced financial report.

This is shorts beware company in the coming weeks and months in my view and of course this is the view of Sprott, Rick Rule, Jay Taylor, Dahlman Rose, TD Bank, and Rodman & Renshaw, etc. I sure I have missed a few. I also talked to three very large shareholders yesterday and it just so happens their views are highly positive going forward.