Hi Zak!

Just to make my point clear, I do not think it was bad news. I just dont think it was all that special in terms of the grades, since the actual operating results from that stuff is very ordinary by the time it is diluted down through real world mining conditions. If ECU reports the same grades across an average interval of 2m, I would be screaming 'buy' from the rooftops.

To put this in perspective, I am happy to own shares in a company that can rapidly turn around new discovery into cash flow from operations. Someone mentioned GPR in a prior post, another stock that I own, and I think a big part of the reason that GPR has done so well lately is because they are finding new zones and turning that into cash flow at the operating end. Lets recall that Inka Klown was bashing GPR a few months ago (when it traded around 75 cents) for not being able to achieve a high production level. GPR made a very strong improvement in the mill throughput and that is from success in the development of new resources that contributed to the rise in the stock past the $4 level.

So I do not discount this latest news for ECU in terms of helping to build the tonnage they are running through the mill. The just need to follow up with high grades and wider intervals to really start making money. We know that Velardena has many such zones, and in time I think we can look forward to the same kind of improvements as GPR is currently enjoying. I think ECU is also capable of running hard for gains of several hundred percent.

cheers!

mike