Prophetic words from Jay Taylor in his 2012 Santa Fe report, "Given debt payments starting to come due in the near future, it is very important that a 400-tpd throughput is achieved. If that is accomplished with run of mine grades (approximately 0.35 oz/ton) then this company should be on a sound footing for solid organic growth. If it falls short of its target to any great degree, it might have some difficulty in repaying its loan. That is the biggest risk I see in the near term. "