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Message: Good volume so far

You are right on those great earnings report. The average PoG during the quarter was fantastic, near $1200. Now, as you know, we will be capatilizing these revenue since we are not in commercial production yet but it will be nice to see what the revenues were for this quarter.

I think the stars CAN line up very well for us here. Gold is usual picking up speed at this time of year, our monthly update from Lamaque, quarterly financials (on time) and August update in early September could really push us up significantly. Peggy's departure also means some players may be more willing to look at us as well. So the next month could be great for us...if we keep delivering operationally. One thing that gives me confidence in that domain is that they promoted McNutt to Chief Operating Officer. You do not give a guy a promotion for doing a lousy job so things must be going pretty well at Lamaque.

Fingers crossed,

Glorieux

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