What i found interesting was that Ian mentioned that the mill operations run better and more efficiently when they are pushing 1000 TPD in a steady state.

They are getting set to have the TPD up to 600 with 150-200 coming from the high grade that is already been broken. They have not brought any of that ore to surface.

This is why the head grade is so low for now (Dale says they are at about .23 oz right now).

When they start bringing up the high grade stuff from D-Shaft, it will increase substantially. Dale thinks before 3rd Q, they will start on that ore, and probably that will move them from 450 TPD right now to around 600+.

That will probably be the event that brings this company to cash flow neutral.

I hope that the company will send out a NR on production at that time. It could only help out SP but maybe not as much as we would hope.

Dale specifically mentioned while showing his slides and comparing the last couple of PP done last November between producing companies, that the market is not paying for production right now, but for exploration.

With that in mind, the exploration only is what has been driving any companies' SP.

Andy K