All depends on production -- if we have the real deal and production keeps ramping up over the next several months the loan amounts will be something that can be paid from revenue - if production doesn't get up to -- i don't want to put a number on it - but if not up to "substantial" in the next 60 to 90 days then yeah it looks like the toxic conversions will continue. There are other loans that will probably be sloughed and stay on back burner - the convertibles need to be handled first.

Pretty simple - it all comes down to production. Can the Santa Elena operation rise above "startup" production and get to sustained serious production this spring and summer? It would be immensely helpful if a cash deal could be struck for one of the other properties.

That answer is - as always - Pending.