I spent at least 20 minutes talking with Alex Tsakumis, the VP, Corporate Developments of TMM today and Alex is very happy and excited with current and future developments in Mexico, particularly the San Fransicso Pit, where they are agressively pouring gold (1.3M in the last pour) but also are in the process of exploring around the mine in order to expand it's life from five years and are very confident that the surrounding area will be very promising for future expansion. The current cost, as we all know to mine the pit, is only $412 and the higher the gold prices process, the more cash we have on hand. I asked Alex what it was like to transport $1.3 Million in gold and silver from his location to the refinery and he said it was a challenge, with a lot of security.

One thing to consider, though, is Sprott entered into an agrement with GWG on Oct. 8, 2009 with a $15 Million finanching to be paid back by GWG with delivery of 1667.23 ounces of gold over a 12 month period. This debt will be paid off in 2011 as TMM is considently producting gold on a daily basis.

Cannacord, on November 30, 2009, rated the stock as a speculative buy with a target of $2.25. I got the feeling that this target is very conservative, from Alex, expecially with the next NR which should be coming out very soon, with great assay results in the San Franciso mine area.

Other areas which GWG are concentrating on are: Cocula, TIm & Tequila projects, all in Mexico, which are very safe areas to explore and develop.

Another interesting fact is that institutions hold 45% and management and insiders hold 14%.

A plus for our San Francisco mine, is that another company is actually doing the mining with brand new equipment, so down time is very minimal.

I hope that the above is some consulation to us TMM stockholders as our investments will surely pay off in the near future.

Jim