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Message: Positives out of financials

Positives out of financials

posted on Aug 18, 2009 03:11PM

If you factor in the revenue from the Hinge property, the quarterly loss drops to $0.01 per share. Also in the 2nd qtr a new jumbo drill and scoop tram were purchased for the Hinge mine, a vent raise was accomplished and the San Antonio was shut down for 15 days while the hoist was upgraded. This shutdown just as the ore grade was improving. The next qtr will be in the black and possibly by year end if Hinge reverts to production mode the entire year will be in the black.

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