Ann: Corporate Update, page-17

I would be disappointed if there is any extra delay from PMR because we're producing from two plants now. At the beginning of the year it was a six week delay from date of production/gold pour until funds receipt but I have that timeframe improving by one week in March and a further week in May to be four weeks at the end of June.
I'm working on them having a $30mil cash balance before implementing the share buyback - $50mil seems too conservative to me especially as we're only talking about expending $5mil/month on the buyback and they can easily turn it off for a week or two if PMR don't perform up to expectations.