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geomine

05/15/12 5:58 PM

#48921 RE: ourigan #48920

Sorry,but there is not much that is good about this report, but is about what I expected. No drilling in or on top of the mountain. Smelter not complete (not sure if permits have been filed??) $50,000 +++++ from sale of dore bars? O YES, O YES, money going to roll in like honey. They need several million dollars to get the leach system in, and complete the smelter, not counting what they are spending on a monthly basis just to be there and pay the officers and loans, MY bet is they we see nothing of real substance until 4th Q and maybe not even this year. I hope they have a better line for the people meeting at the site next week. Geomine