Many thanks CalFarmer for the thorough report and I only have one comment and that is that the explanation for why revenue did not show up from past mill work doesn't make any sense. I would think that inventory on the balance sheet would be reduced, but there would also be related revenue from the sale on the income statement which would lead to the equivalent amount of cash on the balance sheet. It wouldn't make sense to only reduce the inventory although I guess a mining company could be carrying it's tailings at 10 grams per ton and for every ton it milled it would reduce it's inventory by 10 grams and add 10 grams to cash on the balance sheet. Perhaps someone who know mining accounting can opine more authoritatively on this matter! Thanks again for the report! Khaki