Executives draw a very low salary.  I would suspect that a very large portion of the 43% went to NEW staff and management and maybe a lttle bit to the execs.  


2011 Salarys of managament: were: 

President and CEO: $54,158

CFO: $9,750  (yes, less than $10,000)


Its in the Luly 11 2012 MIC on sedar if you want to look for yourself.