Note the Smelter is up and operating on our own property (see Page 21 under Start Up Phase) . To me it was not clear if we were smelting at our own site or whether it was being done elsewhere by someone else--now it is clear . On page 24 they project having enough dore to ship in Nov 2011. Based on the Aug 4,2011 press release , if they ship 1500 Troy ounces and it is 65% Gold and 35% Silver as per 8/2/11 PR on the first dore bar, then 65% x 1500 troy oz= 975 ozs x $1750.00 =$1,706,250 . If 35% Silver : 35% x 1500 ozs=525 ozs @ $38.00 = $19,950.00 Thus $1,706,250 of Gold + $19,950.00 of silver = $1,726,200 total. My calculation may be in error, if so please correct it and post your calculation.

Anyway you look at it , it is very encouraging and not far away and who knows maybe they have stored away enough to ship more than 1500 ozs in NOV. as a little surprize .And don't forget per 8/2/11 PR they are talking of "more than double production in the next 12 months."

Maybe the Bashers will realize how dangerous it is becoming to continue shorting a stock that will ZOOM at any time and start to cover their shorts which will indeed zoom the stock.On the other hand naybe they are actually helping us as quite a lot of shares can be bought back under the 15% buy back plan with $1,726,200 or more or maybe a dividend could be declared from the expected revenues so the shorters can be forced to pay. LINDY