I wouldn’t place too much emphasis on the words stated in the...

I wouldn’t place too much emphasis on the words stated in the Quarterly report, considered it is all copy and pasted continuously from the last. The statement you refer to has been in the past six Quarterly reports, although the company has always stated production is expected middle of next year. Stephen is adamant that the company will reach production in 2015, and we are completing the objectives on the timeline as expected.

In regards to progress, they started drilling four months ago, which was ahead of schedule. I do not know why you think the company has not begun. Finance was the main issue on the timeline, and was due to be sorted at the conclusion of this year over the course of a couple of months. It is now being sorted at the beginning/mid year and which will save a lot of time.

Information for the feasibility study, and mining lease is being gathered appropriately as scheduled. This is the reasoning behind my statement, 'we are meeting expectations ahead of schedule'. The problem you sight is that work has been ‘reduced’, NOT halted as you state. Instead the company is completing the basic tasks that require less funding in the meantime rather than progressing the adit.

Do not take this statement as 'nothing being done' as the company is still completing the basic work required, but is not drilling deep into the adit any longer. This Quarterly report has provides investors with an opportunity to stock up, and a drop to low was expected regardless of news. The QR simply provided a nice catalyst for the above. I am well into the green still but am using this opportunity to accumulate well.

I would simply state, that a 'reduction' in work for a few weeks, while ahead of schedule in most areas, does not equate to six months being added onto the companies timeline.