Ann: Quarterly Activities Report, page-3

It should be noted that the CChEN quota for the old code ground down to a depth of 200 metres was based on an efficiency rate of 40%. I see the PEA has an overall process efficiency rate of 52%. One could assume that the upcoming drilling to 400 metres and possibly beyond, and proof of a higher actual efficiency rate at a later stage, will result in a very significant increase to our CChEN quota.