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Message: Quarterly production...now we now why they needed money

Only 4,457 ounces were produced during the last quarter. Head grade was 2.71, tons milled per day was around 569. Recovery still very good at 95.61. We did run a lot of muck thru this one during the start up and this explains our low head grade.

This production level is disappointing and explains our low share price. However, I do like their guidance and the fact they released everything on time. I will read thru this more thoroughly and report back, just short on time tonite.

Glorieux

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