In Nov 2009, ALH stated working capital included 25,000 oz that they expected to sell in the next 12 months.  But, that didn’t happen.

In Aug 2010, ALH stated working capital included 17,000 oz that they expected to sell in the next 12 months.  But, that didn’t happen.

In Aug 2011, ALH stated working capital included 15,000 oz that they expected to sell in the next 12 months.  But, that didn’t happen.

In Aug 2012, ALH stated working capital included 10,000 oz that they . . .

“At June 30, 2012 the Corporation had $124 in cash and $7,390 in positive working capital. Included in other working capital is $11,024 in work in progress related to 10,000 ozs of gold that the Corporation is estimating it will sell during the next twelve months.” – from the Q212 MD&A

Looks like they have a habit of wildly over estimating their work in process inventory.