The original 120,000 oz forecast has been reduced to 95,000-105,000 even though they have 4,000-5,000oz sitting at the mill from Dec 31.

This Company has a perfect record of decreasing their production forecasts and usually do it without explanation. I suspect they don't want to over promise the mill head grade which will likely stay around 6 g/tonne because of more development ore getting blended in the keep the mill running closer to full capacity (1,800 tonnes).

The 2012 exploration plan seems very good, just hope we get drill results more often than in 2011 as this could keep investors interested and help keep the share price from dragging along the bottom (which was bottomless until today)

George clearly stated that Q1/12 will be the best quarter for gold produced, I'd be pleasantly surprised if the grade was up significantly.

Regarding the upcoming 43-101 the term "significantly" has replaced the word "exponentially" increase

cheers