Ann: Capital Initiatives , page-36

I have no idea how you get that I have a traders outlook???

I am only talking about the accountancy side of the business and are looking at total costs vrs the current price of silver.

I have a question for people.

Last qtr(Dec 2012) development costs were 11.8 million and this qtr it was 10.7 million.

I've also noticed that the full YTD development costs are 35.1 million therefore how do people think that this large development cost is not ongoing??

It has been ongoing on a qtrly basis for some time so I would think it wise to include that in the total costs to get the big picture of how profitable or in this case unprofitable the company is.

These costs are not a one off basis as some are suggesting.

To imply that would be misleading.