We will have to be patient untill the end of Q1 to get the updated NI 43-101 for Velardena.

To be honest, I don't mind there is such a delay. They better do a thorough job to bring as many ounces as possible into the M&I category. In addition, it is better to spread the good news over time. We will get el Quevar early January, and also San Diego during the first quarter. One resource update each month will be fine.

"Velardeña Resource

The Company previously announced that the independent consulting firm of Chlumsky Armbrust and Meyer (CAM) has been retained to provide an updated NI 43-101 compliant resource estimate for the Velardeña Operations, located in the Durango State of Mexico, with completion expected about year-end 2011. As a result of the need to re-assay a significant number of samples to ensure that required quality control and quality assurance is maintained for a NI 43-101 compliant report, the updated resource estimate is now expected to be completed towards the end of the first quarter 2012."