Production has begun with the stockpiled ore on surface, which happens to be more copper-rich and must be put through the mill first to avoid oxidization. By avoiding that oxidization, we'll be able to get good recoveries on that stockpile before moving onto the next in the pipeline. Typically the cash flow coming in from the mine production is 30 days for the zinc, and 60-90 days for the copper.

Back in February, with high zinc and copper prices with steady projections, we expected that would be the last financing necessary to get us through to production and cash flow. Where we are today, it's more important for Donner to make sure that the company won't default on the obligations to ongoing development as well as the committed exploration budget. Since the company does not want to risk losing Donner's interest in the mine, management explored a number of options before electing to go forward with this financing.

I hope this helps clarify the company's position. Please feel free to phone in, and I'd be happy to discuss in more detail, or put you through to the Chairman David Patterson - I've told him he might expect your call.