co-o operations update - very good long term

$220 millions CAPEX savings, one of the best news declared from this announcement.

Though quite a few bad news announced, such as commission delays, lower production, narrow veins, low bullion price, these all short term pains.

If we really could save $220 millions CAPEX at next three years, dividends should be re-introduced shortly. If we could produce 150k ounces per year with $600.00 profit per ounce, that could be 90 million profit, and we might get 15 to 20 cents dividends.