I think that this target is attainable in a 3-5 year timespan with Gold supporting prices ie over $1000. We have some very good reserves and grades. Compare our 4.6g/t at Lamaque vs 1.7g/t which is what the average grade is for the top 40 producers and you can see we have a great project. Our other properties offer excellent potential as well. Our line of credit with Deutch Bank has an option for 180 000 ounces of gold which currently has a value of $200M dollars. We do need to hit certain benchmarks before that money is accessible but it is within our control to get there.

The bottom line is we are way undervalued and once we hit production numbers consistent with our plan, the market will not care that we almost went bankcrupt during the financial crisis or that our CEO had a bad reputation at one point.

Glorieux