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Message: We are profitable

We are profitable

posted on Jul 29, 2008 06:47AM

Just got the word from Bissett. I got off the phone with Shawn and he said this quarter we should be

profitable for the first time ever.

He also mentioned the 43-101 is targeted to be released end of September.

And once again on the upside we are now complient to go on the TSX. I was told since Courtney A. Shearer went independant we now are complient and they are working on the paperwork. They are anticipating to be listed on the tsx sometime in the forth quarter i believe he said.

Currently running 500tpd in mill at average headgrade 0.2 oz/tonne. We should be at 800 by 4th quarter. They are feeding some tonnes from the 93 veine (2.23 oz/tonne comming from there) to help get headgrade up a bit. I'm not sure the amount and how much they are trying to get it up.

They have 4 drills in the hinge area.

The 43-101 will help prove the cost to mine the hinge area. Currently looking like its 2$/oz for discovery and 100$/oz for production. WOW that would be cheap.

Also those 2 other holes have been sent Jund 18, and normally take 2-6 weeks for results so we should be hearing back really really soon.

All looks and sounds great. I am glad i acquired more shares over the past couple weeks.

Jeff


Jul 30, 2008 02:00AM
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