Ann: Grants Creek & Nicolsons Exploration Update, page-14

In my opinion, and from memory, annual 80-100k Oz  is delayed a couple of quarters because of (unexpected?) mining problems with stopes and consequent higher costs and lower ore production plus lower grade ore.  As posted above, hopefully things back to normal previously planned timetable, plus additional progress on Grants.  And funding obtained to reduce risk. 

BUT at a significant cost to existing SH with additional dilution with SP dropping from about 0.37 to about 0.30, and then down to 0,20 for capital raise.  Agree with marcusr above, capital raise should never have had to go below 0.27-0.30.  Hopefully back on track now.  

Await news on extension to life of mine, and presumably fall in AISC back towards $1000.