Ann: Quarterly Activities Report, page-6

I listened to the conference call and I was left with the view that it would be next quarter. I agree with them that the priority is to get to 100 pct through put and spend now to achieve targets. They are only at about 50 pct capacity and there are efficiency gains at being at higher levels. I was also left with the impression that they feel they will be able to hit targets for throughput and recovery, that the five cannons and in situ resource would come on stream according to plan. It was clear they had a range of plans to address recovery and grade and that impurity of lead wasn’t an issue. Silica was the main culprit but not terribly costly.