Page 8 of the financials

"Mineral property development costs incurred to expand ore reserves are deferred and depleted on a units-of production basis over proven and probable reserves. Revenue derived from mineral properties before full production during commissioning of a property is accounted for as a reduction of the cost of the property. For the three months ended June 30th, 2009, revenue of $5,885,434 from 5,502 ounces of gold was recorded as a reduction of the Hinge mineral property. During the three months ended September 30th, 2009, the Hinge mineral property entered commercial production."

Cost and Net Book Value of Mineral properties to date

Cost - $71,917,262

Book value - $60,625,426

Does this apply to Dale's $10-20 per ounce discovery cost? Or is it optimistic to think that they have discoverd close to 7.2 million ounces.