As per below, the Company has approximately $4 million sitting in the pyrite con for which I anticipate a sale sooner than later. The company continues to scale-up production now that zinc con, lead con and soon pyrite con are being sold and inventory space is available. I also note there is approximately $25 million in the tailing pile waiting for the final pyrite solution to begin processing. This plus $7 million credit facility is still available plus what's left from the convertible debenture sale in early summer. Conclusion, lots of options and with cashflow just getting started.

We are also due for a resource update as it's been almost a a year and lots of successful exploration results to be reported on. Now if only the markets would cooperate for the silver/gold sector. Everythings going very well for ECU except for the market conditions which are effecting every company stock on the planet. But this will pass and those buying bargains will reap the rewards.

From Q3 report:

We announced on September 29, 2008 that we had entered into a contractual agreement with MK Metals Trading S.A. de C.V., a division of Nexxtrade ("MK Metals"), an international broker, for the sale of both our lead concentrates and our zinc concentrates. This has been an important step since major smelters in Mexico were at capacity and no longer accepting concentrates from many of the small to medium size producers in Mexico. However, the lead and zinc concentrates can be sold to various smelters around the world. As such, the sale of our concentrates were made through an international broker that packages several small quantities of concentrates from junior producers and then offer global smelters concentrate packages in sizes that can essentially compete with the major producers. In this way, these brokers can negotiate more attractive terms with the smelters thereby allowing small and mid size producers to obtain acceptable prices for their concentrate. Our Company has sold MK Metals an initial inventory of 400 tonnes of lead concentrates and 450 tonnes of zinc concentrates. We will continue to sell our concentrate to MK Metals and others on a spot basis.

With regard to our gold/pyrite concentrate, we continue to advance in our metallurgical tests to optimize the Net Smelter Return (NSR) value of the pyrite/gold concentrate. We are in the process of finalizing the testing of certain options for this concentrate. We currently have a pyrite/gold concentrate inventory of approximately 7,000 tonnes containing approximately 5,000 ounces of gold and 35,000 ounces of silver.