Only $1.5m was as a result of option conversion. Another $1.05 m...

Only $1.5m was as a result of option conversion. Another $1.05 m was via a share placement at 15 cents to a middle east based company.

Shares should do a bit of a run to 16 cents in the short term I would imagine.

The early conversion of options is a very postive sign. But I suppose if they use some of these funds for exploration then they may need to raise more funds later for the Ecuador project.

I noticed the plan in the latest presentation to produce 300k ounces within 4-5 years. I would like that to happen, but it seems a bit of a stretch.

loki