Ann: Quarterly Activities Report and App 5B, page-16

OK I don't want to temper your enthusiasm, but like many other long termers have ridden this stock down from $1.50 ( that's pre conversion, so $15 a share ). I have patiently watched shareholder funds absorbed by getting the project to the finish line, only to be annihilated by financiers taking the cream and generous company options being handed out. Yes, Heron will to turn a profit with this mine.... but what could have been. Good luck on the way up.