Just to emphasize a couple of points to the ECU review by fund manager Wister Holt. The 250 million silver eq. ounces, which Wister expects is coming soon, translated into an in ground market cap of $750 million US dollars with 243 million shares outstanding and didn't include:

- any base metal dollars

- nor any blue sky potential of the further defined potential as outlined by Micon which ranges from 400-800 million silver eq. ounces minus those just ounces added (should be at least .50 cents per ounce)

- nor any further increase in the potential numbers which I am very confident is coming

- nor any reflection of earnings from the mill and assets in place

- nor any value for the over $25 million of gold/silver sitting in the tailings pile awaiting processing

- nor any increase in value for silver assets in the ground which would be reasonable given the increase in silver, maybe $3.50 to $3.75 per ounce

On this basis it is easy to see why the TD Bank target is $3.50 and very conservative as banks always do in such situations and on first time coverage. I expect this target to be readily increased once ECU gets close to the present target and increased a few times over the next 2-3 years even if silver goes no higher which is highly unlikely.