Ann: Quarterly Activities and Cashflow Report , page-9

I can’t make the AGM but I hope HC is well represented. For what it is worth I have put a table together outlining a few scenarios for the next Qtr.

I’m pleased that costs are heading down but production still hasn’t hit forecasted targets. It is a better report than I expected though I think they will hit the 200k monthly target, but not in December - maybe Jan or Feb. For me it’s a matter of the Ag price. Have the big banks closed out their shorts? Will they finally start letting the metal show its true value against cash?

If you go to the AGM please report back.

For what it’s worth I have put a cash flow table together with different scenarios for the qtr ahead. From the looks of it, you are either a glass 1 third full, or 2 thirds empty.