Management has ~ 1 month in which to declare commercial production if they are to keep their own time line. I see in the new presentation that they have pushed out the start of the 2nd mine by more than a year. They don't intend on having a feasibility study done until Q3/Q4. Sure, they migh get to 5 million oz/yr, but it won't happen IMO till 2016/2017. I'm surprised (pleasantly) frankly that the SP has held up as well as it has given the PM sector as a whole is pretty out of favour at this moment. Must have some steady insiders/institutions holding onto their shares. Everything else I own that has ever had a PP done typically gets cranked in the balls in the short to medium term. Technically speaking, is holding up quite well!