re: Ann: December 2010 Quarterly Activities R... Going on their...

re: Ann: December 2010 Quarterly Activities R... Going on their forecast for the next quarter they are slashing costs over previous quarter.

Development Down ( $1,446,000) (-41%)

Production Down ($277,000) ( -15%)

Administration Down ($826,000) ( -50%)

Exploration Up $300,000 + 25%

I would have thought admin costs would be up with 2 new directors and geologist, extraordinary drop in costs,wonder what are they slashing to achieve this. Again development costs down by 41% so I assume this means they are doing less development. Don't know if my numbers are correct so any corrections are welcome.