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Message: The Tortoise vs. The Hare

We all need to slow down and take a deep breath. There are too many people here worried about the minute by minute, hour by hour, day by day price of the stock. Mining is a Tortoise business. It's slow because of the amount of hoops a company needs to jump thru daily to satisfy Local, State, and Federal rules and regulations. It also doesn't help when you have a management that has made mistake after mistake in the past.....but most of us here are very aware of all the past problems.

I prefer to focus on what is happening in the present. It appears that additional financing is now available to the company. In what amount and terms.....we won't probably know until mid-April when the Annual Report is filed. The same goes for how much revenue they've generated from Dore sales. The Assay/Vault/Smelting building is just about finished as well as the upgrades to the Mill Extension. Let's not even discuss the Cyanide Leaching system because that's totally in the hands of Government Agencies (Tortoise Syndrome). They've purchased a small fleet of new/used vehicles to facilitate the Sinker Tunnel restoration. The people needed to complete the restoration have been hired and trained. The Security fencing for the Sinker Tunnel is in place. In essence, they are no longer outsourcing what they need but bringing it inhouse.

They next need to reinstall the Sinker Tunnel ventilation system (I believe most of that equipment was owned/leased by Bill Earll and was removed when he left). The rock bolting needs to be completed before they can identify how far down the Tunnel they intend to go to create the room they need to start drilling. The pneumatic system needs to be extended to where they intend to drill (I believe the pneumatic system was installed approximately 1600-2000 feet into the tunnel and is used to drill the holes for the rock bolting) as well as an electrical system installed to that point. They'll need to carve out an area close to where they intend to drill to install a safe room (I believe this is usually a prefabricated unit properly outfitted for it's intended use) and all along the way they will need to get approvals from MSHA (Tortoise Syndrome). How long all this will take depends on how far down the Sinker Tunnel they feel they need to go to provide the best results.

While all of this takes a certain amount of time, remember, time is not necessarily an enemy. How Gold and Silver is being viewed by the mainstream investor is slowly changing and that is very much in our favor. Just remember, patience is a virtue. I know many of us here have been patient for quite a long time. We just need to stay the course. As long as I continue to see progress being made, I remain optimistic about what lies ahead.

Semper Fi,

Bluesideup

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