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Re: helilulu post# 1148

Thursday, 06/25/2009 8:58:11 PM

Thursday, June 25, 2009 8:58:11 PM

Post# of 5576
here's a tid bit.
Currently 42,412 tons of ore grading 28% antimony and 0.408 oz gold/ton and containing 11,880 tons of antimony metal and 17,300 oz of gold are disclosed in our Qualified Person's Report of January 1, 2009 (also known as a Canadian National Instrument 43-101 qualified Pre-feasibility Report).

Using a gold price of $US 700/oz with antimony at $2.25/lb as well as recoveries of 90% for gold and 85% for antimony, this reserve represents $US 56.3 Mln. The Qualified Person's summary of relevant operating costs is $US 22.2 Mln. The pre-tax profit therefore is $US 34.1 Mln. Except for a State Mining Tax of $US 0.8 Mln, corporate taxes are offset by the Company's $US 35 Mln tax loss carry-forward.

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