Ann: Convertible Note Transaction Terminated and Placement, page-43

And the speed which they completed the the updateD MREs comes at a price but it was far quicker and cheaper then had they had to go and do the initial exploration , TMZ is a very unique play, they have a proven resource bigger then IVR in 18 months while IVR have been at it over a decade.

People dont think they have had this fair share of raises to get to where they are? I sure know they havnt been a producing any silver so only way to get funds has been to raise.

If silver has the run ahead that I see then this strategy will prove to be genius. I think stormboy put it best, if you dont believe in silver then you should be in TMZ.