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Ann: Letter to Shareholders, page-70

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    furthermore the majority fo the ounces (Iguana open pit, indicated) is only 1.7 ... to be revised downawards in both grade and tonnage

    sorry i should have said ounces and tonnage not grade

    as an example I would assume the difference would be (in a cubic meter of earth)

    wet weight 3 tonnes x 1.7g/t = resouce of 5.1grams
    dry weight 2.5tonnes x 1.7g/t = resource of 4.25grams
 
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