A few days ago I emailed dennis at goldminerpulse suggesting he look again at ECU's numbers on his tables after gwr's questions about the data. Below is his response. If anyone wants to contact Dennis, his email is dennis@goldMinerPulse.com. He provides some nice tables for comparison purposes and any points you can call to his attention to increase ECU numbers on the site would obviously be very helpful.

http://www.goldMinerPulse.com/vSilve...

http://www.goldMinerPulse.com/vGold.php

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Hello xxx

Thank you for comments and questions.

I have added a few comments in the ECU valuation report to clarify which 43-101 report and which tables in the report we used to get the grade and ore tones for the ECU resources.

I believe the January 20, 2009 report, which is available from the ECU site, and which we link, is the most recent report. The grades and ore tonnes we use come from table 1.2 in that report and are consistent with that table. The GoldMinerPulse silver equivalent metrics are updated each day based on current spot market prices for gold, silver, copper, zinc, lead, etc. and will as a result differ from the snapshot numbers published with specific metal price assumptions such as those in Table 1.1 of the 43-101 report. For example, the last GoldMinerPulse update used $902.40 per oz of Au and 12.39 per oz of Ag while the 43-101 report Table 1.1 is quite different which accounts from the larger difference between Silver Eq Oz -- i.e. 375M oz in the GoldMinerPulse metrics versus close to 430M oz in the 43-101 report.

We are unfortunately unable to use the figures table 1.3 (Summary of the Mineral Potential Range for the Velardeña Propert) since Potential Range isn’t a recognized category in the CIM standards. In the same way, we don’t include historical estimates.

Thanks in advance for taking a second look at our references and the like. Please let me know if you still believe we are under reporting ECU resources or if you believe there is a more up to date 43-101 report.

Your comments are always welcome and are most appreciated. Thanks again,
Dennis

www.goldMinerPulse