As far as revenue, the 10Q states:

"In 2011, we completed a temporary smelter on our mill site and began shipping dore bars to a refiner on a regular basis."

BS or what? Regular shipments should have generated more than $60K. Maybe they have decided to "stockpile" the refined gold and silver at the refinery waiting for better prices, but at this stage of the game that seems a bit ridiculous considering that they need the cash for drilling, which should be the highest priority right now.

"Exploration and development costs decreased from $296,244 in 2011 to $1,378 in 2012 as a result of decreased work on the sinker tunnel."

So, are they finished and waiting for permits, or just dragging their tails waiting for financing? Maybe sell some more gold and silver?