research, page-4

So when do we find out the timeline of the project? The detailed costing of the project. My understanding was that there would be a detailed Pre-feasability Report.

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Dear Hiten Pindoria

The Company has consistently said that it would release ?the initial economic analysis of the project (Buena Vista) development? (refer June 2010 quarter report) in the September 2010 quarter.

On the ?timeline of the project? you mention below, I presume you are referring to when the project might start producing concentrate. If I?ve misunderstood, please let me know. It is not unrealistic to say that Buena Vista could potentially be brought into production in the 2HCY2012. However, the Company needs to gather more information in the feasibility study to ascertain a more definitive time line to production. The feasibility study will also provide more detailed costing of the project.

Yours sincerely


Max Nind