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, Nevada, Known as , Form

, Nevada, Known as , Form

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we have announced to the market recently where we we closed a $120 million gold forward facility with the Deutsche Bank out of London and in addition to that facility they also invested $40 million of equity into the company so we were very pleased about that it shows a high degree of Confidence from a major institution that uh enabled us to be fully funded for the whole program it's a large project it's about a $45 million capital investment and that will see the facility be able to operate in its new tailings facility for about 10 years with the ability to possibly expand that by another 10 years so it gives the project a good long-term Outlook once we get that up and running and we are in December 2011 we expect to be running at a run rate of 15,000 ounces per year from then on once we start up production again at 150,000 O A year of course our next objective is to grow that production the market will obviously be aware we've made recent announcements that we

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