Ann: Appendix 3B, page-73

Let's do that calculation I've mentioned a few weeks ago: let's just assume miz achieve the goal of an annualised production of 18200oz. So production per month would be at 1600oz per month.

10% to silverstream would be: 160oz sold at $400 per oz= $64,000 revenue.

Remaining 90%: remaining 1440oz sold at $1200 per oz= $1,780,000 revenue.

Cost of production: 1600 oz at $780 an ounce= $1,248,000 cost.

Gold production profit= $64,000 + $1,780,000 - $1,248,000= $596,000 per month.

Now keep in mind- this is just gold that MIZ produces on it's current JORC of 102,000. Obviously, the $596,000 does not take into account other operations going on in the business such as toll treating and the production and sale of silver and copper. I believe if all 3 of these aspects were added into the final figure, it would be well over $1m revenue a month. Do the calculations yourself if you don't trust my numbers- better yet, give me your figures and estimations.