Here is the interestng parts of the NR

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Early in the study, a decision was made to devote a higher level of diligence to the preliminary geological interpretation and resource modeling. In addition, as a direct result of the increased size of the database, Mining Plus experienced significant software issues when utilizing industry standard resource modeling software. This resulted in a considerable extension in the predicted time to complete the update. The updated resource estimate is now anticipated for completion in late June barring any further unforeseen technical issues.

Gary Cope, President and CEO of Orko, noted, "Although we are frustrated by the delays with the delivery of the updated resource estimate, we are encouraged by the amount of diligence and detail due to the increased size of the database that will be included in the updated estimate and we look forward to announcing the results as soon as the new estimate is completed."

The updated resource estimate, originally scheduled to be completed and released in March, will be an integral component of the new Preliminary Economic Assessment currently being completed by AMEC Americas Limited ("AMEC"). Management believes the potential exists for improvement in the economics of the project relative to the preliminary economic assessment released in the 2011 PEA. Timing for the completion of the new PEA will be predicated on the final completion of the updated resource estimate.

Orko currently has approximately $11.6 million in cash and short-term investments and is well funded to continue to advance the project. Orko has taken over as operator and is in the planning stages of further optimization on the project.