I questionned him on the an update for July performance. He said that there would no longer be a monthly update. Our new CEO does not want these NR anymore and he explained that no other company gives updates of this nature. I questionned him about the numbers for July. His answer was we had some very good days and we had some...great days. That was very encouraging to hear. The way he said it, I expected to hear about some average days but he seemed very bullish about the performance for July.

He said he would be getting numbers for July like tpd, ounces of production, recovery rates and all that later in the week and that I should call him and he would be happy to give them to me over the phone but that there would be no press release. I felt good about that and will call him and report what those numbers are as soon as I get them. I believe they are trying to attract more institutional support and they work differently then us retail, at least to some degree. They have a more longer term approach and so quarterly reports could be what we will be more geared to now but that is just my thinking, not something he said. This will limit some of the penny flipping as well which is not a bad thing. These institution also are willing to pay more when the risks are lower so in terms of driving our share price higher, if CMM delivers operationally, it will not be an issue to get our SP up from our measly $38 per ounce imo.

Peter had been at Lamaque just yesterday, said they have 180 people working full time, the low profile equipment is working very well, they will be getting at the north wall very soon. Everything sounded very positive...but I will be more reassured when I get the July numbers and see continued progress towards 1400 tpd.

Glorieux