But:

· In response to my inquiry “Can we make money at $23.00 silver?” UC responded saying that it is employing a strategy of ‘balancing between tonnage and price’. “Our plans for commercial production announcement’ this summer … ‘can that be affected by a reduction in silver price’. It ‘depends on how much tonnage vs cost to produce vs silver price’.

· Copalquin is still being challenged ‘in the courts’

· Encouraging bit of info … ‘to expand on the Xora site - we have mineralization of silver & gold visible on surface … so that is extremely encouraging’. These visible baubles may be what we need right now to increase the $ yield from every ton processed through the mill.

So although the depressed $ values for Au & Ag may / may not be helping our cause at Coplaquin, we desperately need a healthy Ag price to achieve our primary goal.

Collective Karma please!