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Re: mick post# 2867

Wednesday, 12/19/2007 3:32:57 AM

Wednesday, December 19, 2007 3:32:57 AM

Post# of 52329
snrn yearly is doing better toward the end of the report

Year-to-date production costs of $799,237 are 14% below the $922,494 incurred for the same period last year. The decrease reflects management's success at controlling costs by shifting work from contractors to company personnel. In addition, year-to-date General and Administrative costs have declined by 30% from $2,919,819 to $2,041,582.

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