Once a person takes the time to really look at this, there should be no surprise that we are where we are.

Relying only on memory, but I believe the estimated time to process what we had in the tailings was about five years. I also believe we have actually been producing at less that optimum rates for the better part of four of those years. On that basis, it should be expected that we would be running out of the best material.

In other words, we have processed all economic material through an uneconomic process, and used all available funds in order to do so. In order to continue the process, we are going to have to have a cash infusion of some sort.

K