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Message: Q & A

In the November 30th news release it was stated that the La Yesca tailings mill had been very close to declaring commercial production before running into equipment, power, flood issues, and plant flow issues. Since that time there has been $6 million dollars added to the cash balance as the result of the McFauld's Lake sale of properties. It was the companies intention to use part of that newly added capital to address the production concerns at La Yesca with a goal of reaching a more final production solution in the first quarter of 2012.

My questions are;

What is the most recent figure available for the current cash balance on hand for the company?

What is the estimated capital investment required at the La Yesca mill for the company to reach its stated goal of operating the mill at a consistent run rate of 200+ Tonnes per day, which will result in the type of long term revenue run rates that will assist the company in achieving a number of goals in a number of areas?

Is the current goal still towards the previously stated more final solution in the first quarter of 2012? Or, has enough progress been made to date to be able to change that to a final solution in the first quarter of 2012? Because of the upgrades involved it may be difficult to be able to commit to a certain time line and perhaps that is why the news release was worded as a more final solution, however, I am wondering if there is an estimated date, agreed to with the contractors involved, for the completion of the necessary work.

I think this Q & A exercise is an excellent idea that management has put forth for us retail investors. Hopefully there will be several questions that will not only provide us with more information about our investment here but will spark meaningful discussion here on Agoracom. Hats off to our management for the opportunity.

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