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Gold Resource Corporation (NYSEMKT:GORO)
Q2 2012 Earnings Call
August 10, 2012 11:00 AM ET
William Reid – CEO
Jason Reid – President & Director
Welcome to the Gold Resource Corporation second quarter earnings conference call. Gold Resource's CEO, William W. Reid will make a brief statement. Following Mr. Reid's opening remarks, there will be an email Q&A period. In order to efficiently respond to as many conference call participants as possible. The company asks callers to email their questions to email@example.com during the conference call. Management will address submitted email questions during the Q&A portion of the conference call. Email question format should include the individual's name, organization type such as institution or individual investor and your question. This call will be recorded and posted to the company' website within three to five business days. Please go ahead Mr. Reid.
William Reid
Thank you. Welcome to Gold Resource Corporation's second quarter conference call. Since we began mining the underground high grade La Arista vein system, we have been progressively increasing our production. This second quarter however was not a record quarter like the first quarter. The market's response was brutal, but in my opinion overblown. That we reduced our production targets for this year to a range of 100,000 to 120,000 precious metal gold equivalent ounces, about a 16% decrease, achieving the 100,000 level this year with the 50% increase over last year's production. Building the company at a rate of 50% per year is a rare and positive achievement that I believe will be appreciated and rewarded by the market. The market's response also underscores the problem with short term thinking. Quarter by quarter obsession is problematic versus the reality of building the business which is longer term.
Any business, particularly an underground mine is a long term endeavor. We have demonstrated our ability to build and to execute. We have aggressively built the La Arista underground mine and have a strong cash flow to show for it. Even with half our targeted mill production this quarter, we achieved a great deal. We were profitable for the second quarter. We produced more gold than Q2 of '12 than we did in Q2 of '11. We paid for significant and increased development underground. We bought 1.3 million with gold and silver bullion to diversify our treasury. We paid the Mexican government, $8 million in estimated taxes. We paid the owners of the company, the shareholders 9.5 million in dividends. We accomplished all this and still added about 775,000 to our bank account this quarter over the cash we had in the bank at the end of last quarter.
Now, if we can do this with a quarter that is less than half our targeted mill production, consider the cash we will accumulate with achievements of our targeted quarter. This speaks to the cash generating power of this deposit and this project and with increasing cash; this management has certainly demonstrated its bias for distributions to the owners. The company has distributed dividends to the owners, the past 25 consecutive months and thus far, this year, had distributed about 33% of our cash flow from mine site operations. The company remains fully committed to dividends.
I had consistently stated on our conference calls and elsewhere that production is and will always be dependent on the development of the mine. An underground mine is by definition a challenge of constant development as you constantly mine. We have carried out these grueling demands since the beginning, they are not new and they will be with us till the end of the mine.
Now one of the main questions criticisms we have heard is why did you wait until after the quarter ended to release the lower production figures. Well we certainly did not expect going into this quarter that we would produce half of what we targeted. We had just come off our best quarter ever in Q1 primarily as a result of having developed strokes in our high-grade areas and we had seen days where the mill head grades were seven to nine grams gold or and 700 to 800 grams silver. When you have those kinds of days they can drastically increase production of metals for the month and ultimately the quarter in a short period of time. so even if the first month or even two months of the quarter of the low target, it is a fact that if you can bring in high grade to the mill for even one month, you can make a big difference to the quarter overall.
We were working on developing additional stopes in our high grade areas. At any point, had those stopes been able to come online, they would have changed the quarterly numbers drastically. It would have been incorrect to prematurely state we were going to have a below target quarter and they come back with the quarter that was not or not much low target. This is why we will only report quarterly reset our targets that because of the unpredictable nature of mining and especially in the new mine without much history, nobody knows in advance what the actual results will be. We expect to meet our targets more often than not but it is a fact sometimes we will not. As we have done with previous quarters, we announced our preliminary production as soon as we had finished the quarter and got comfortable with the calculated preliminary numbers.
Now the deeper we go into the mine it requires increased ventilation, increased power distribution and handling of increasing water flow. In the second quarter these issues took on unexpected and above average proportion of effort as this also impacted the safety of our miners and our employees. Safety will always come first and foremost before pushing for production. Because of this situation, we mine some areas of the recent deposit that were known to be low-grade zones but were safer areas of the mine while we diligently work to bring our high grade stopes into production safely.
I'm pleased to report we are now back mining from development stopes in higher grade zones primarily between levels seven and ten. I can state that our production is going to more of what we expect. But even given that, we cannot speak to what the quarter will actually be. We will not be giving daily reports or monthly ports, we will only report quarterly.
Let me take a minute and comment on another area of questions of possible misunderstanding which is our total cash cost for this quarter as it relates to our production. Though at $509 per gold equivalent ounce it seems high. You should know that our cost at any point are relatively fixed. So if you produce 15,000 ounces at $500 an ounce had you gotten 30,000 ounces in that same quarter instead which was our target, the overall cost won't go up much but you divide the same pool of cost by 30,000 ounces which would mathematically in this example be producing a gold equivalent ounce for $250 per ounce. We expect to produce more ounces in Q3 and expect your cash to drop accordingly.
As you know we have had a full-time CFO since May 2012, Mr. Brad Blacketor. Brad has got a wealth of experience in the mining business and professionalism to our company with which I am very pleased and impressed. If you remember, we changed our approach from stating cash operating costs which excluded royalty to total cash costs that does include royalty as this was more in line with the industry. We have this quarter also changed our total cash cost per gold equivalent ounce cash calculation to reflect ounces sold instead of milled ounces produced as we believe that this likewise is the more common presentation.
Just for clarity our ounces produced which are the ounces the mill produces will never be equal to our ounces sold. The reason is that the smelter as far the best takes a small amount of the metal to our ounces sold our net of that smelter charge. Our revenues are based on ounces sold.
Let me shift focus here. We have been telling you from day one we have a great high grade deposit. Now with the publishing of an independent resource report on July 23, 2012 by the engineering firm of Pincock, Allen & Holt our high grade deposit had been confirmed. Pincock, Allen & Holt states and I quote; Gold Resource Corporation has identified a significant precious metals and base metals at the thermal deposit in Southern Mexico. And they go on to state that in Pincock, Allen & Holt's opinion the exploration investigations by GORO in the (inaudible) project are carried out according to industry standards. The engineering report prepared by Pincock, Allen & Holt was done to the Canadian National Instrument 4/31/01 requirements and conforms to their guidelines and regulations.
Let me refer you to the summary of resource estimate in table 14-16, if you're interested in looking at it. First, in order to calculate the resources of a polymetallic deposit, in our case where we have bible minerals gold, silver, copper, lead and zinc, it is necessary for the resource engineer to convert for calculation purposes only, an equivalent value of all metals for each block in the model so that a gold equipment cutoff rate can be used. Even though the table gives gold equivalent ounces considering all metals, this is the way they needed it to be done. Let me be clear, we are not using this polymetallic gold equivalent number. For our resource and production purposes we only look at the gold and silver values at our gold equivalent value and the base metals are our byproducts. Each can be calculated separately from the information in the table.
I am inclined today to focus on the time given in the table which then give us the theoretical life of mine. On the table if you take the one gram gold equivalent only cut off the indicated and inferred are combined about 4.48 million tons and approximate two grams per ton gold and 200 grams per ton silver grade. With a maximum mill throughput of about 1,250 tons per day that would be 18 year life. So at the lower cutoff grade we have a deposit would have 18 year life. However we're not interested in that low cutoff grade. We have chosen a nine gram cutoff grade. At the nine grams per ton gold equivalent cutoff, the combined tons equal about 1.7 million times an approximate 4.6 grams per ton gold and 430 grams per ton silver or about four years at the maximum million rates.
Now what is interesting is that they were able to compare what we mined up to the time of the report pretty much to the model reconciliation if you will and they state that their model underestimated by 24% percent the gold equivalent ounces. When mine is program that their model effectively adds about one year making the mine life possibly five years at the nine gram cut off.
So how does this independent report compare to our original model? At a slightly higher cutoff grade ours was done at 9.33 grams per ton. The company's estimate had 2.9 million tons or seven years. Now Pincock, Allen & Holt was more conservative with the distances they allowed in other words not letting a drill hole influence be as great as ours and that is what basically makes the difference of our seven years versus their possible five years. To me it is a pretty close comparison.
Even more impressive to me was our silver grade was 506 grams per ton and Pincock, Allen & Holt's the indicated rate with 500 grams per ton that truly is a similar and impressive resolve for approaching the data in two totally different ways. It's also important to remember that La Arista deposit remains open adept along strike. We are confident we will have significant ounces with continued drilling of the deposit.
so again I will state, an independent engineering study of our resource confirms the high grade nature of our deposit and under more stringent parameters they come up with an estimated possible five years where comes up with seven years. Each of these is an estimate and as estimates go neither is wrong. We are very pleased with the results confirm our deposits.
There are certainly critics of management and management's philosophy applied to the business of mining although the high grade deposit question should now be eliminated, that is fine as I would stipulate the management and management's philosophy do make all the difference. But if you're going to make an investment in the gold space all you have is the ability to compare and contrast and then choose among a peer group of companies.
I believe you will be hard pressed to find a more shareholder friendly company. Your company with a combination of both growth even if the growth takes a little longer than initially targeted and paying a meaningful dividend, essentially paying while you wait for that growth. Management remains focused on benefits for the shareholders as it has since day one by being very disciplined on capital structure. A producer with only 53 million shares outstanding is a rare occurrence and mismanagement has repurchased some of its shares on pullbacks knowing this benefits all shareholders.
In July of this year we purchased another 83,000 shares. We have as one of our underlying principles to get into production as quickly and a minimum capital as possible to limit shareholder dilution and we did. Compare the shareholder focused approach with many peer group members that are quick to sell more shares in to the market to top off their treasury as it's called or live off constant equity financing. Our focus has always been on superior returns for shareholders by focusing on high grade deposits as they have higher cash returns. To us it is not about going after the maximum number of ounces in the ground or even the maximum number of ounces produced. It is not about ounces for ounce sake it is about ounces that actually make most the money. Few our ounces that make more money is what we are all about. I just a moment ago mentioned how we are foregoing the one gram cut off so that we have a much more productive mine.
Our philosophy focused on paying back the capital to build the project that capital b what was required to begin revenues in one year and we did that. A vivid demonstration of efficient use of capital. Compare this with the industry that focuses on maximum ounces in the ground. The way you maximize those ounces is to keep lowering the average grade. Today mostly lines are sub one gram but they require large capital expenditures and margins are thin. The consequence of that philosophy is that those companies cannot do much with shareholders.
They cannot do much for shareholders from a cash standpoint and generally have unimpressive return on capital. In other words not very good use of shareholders money. We are here to focus on shareholders return for the long run. We focus on cash and cash returns. The ability to return as much cash back to the owners as quickly as possible. This management and the company may be the only ones to declare a dividend back to the owners the first month of declaring commercial production and we have paid a dividend every month since then and those payments back to the owners now total about $53 million dollars. This management also believes in its products gold and silver and in order for those shareholders who equally believe in precious metals to benefit from being a Gold Resource shareholder management wants its dividend conversion program into gold and silver bullion. I know of no other program like this.
Now we are in the mining business, one of the toughest businesses out there. We extract minerals from the earth so we deal with Mother Nature and sometimes she can be difficult. In the end we will prevail but timing is hard to predict. As one of the largest individual shareholders, I am impacted greatly and I am not happy. But I am neither concerned or worried we have a great deposit. We have a tremendous property position with a lot of potential for more deposits to come into the pipeline. We have demonstrated they can generate a lot of cash and we are growing. so if you believe we have a great deposit and now we're not the only ones saying that and you appreciate this management's philosophy and you have witnessed our ability to execute far more often than not, I believe finding an equal peer group member will be difficult.
So now let me open this up for questions and I have Jason Reid with me here and we will be working together to answer your questions.
Question-and-Answer Session
Jason Reid
Good morning everyone. We're going to jump right into this. We have a lot of question to get [Audio Gap] Sterne Agee.
Unidentified Analyst
You have been mining deeper since you encountered ground water in the second quarter. Are you seeing ground water deeper in the mine at level 10? What possible alternatives is growth studying to encounter any excess ground water in this future?
William Reid
Okay, it's pretty much math as we go deeper we are going to encounter more and more water. The water comes down through the earth two fractures and those same fractures where our order deposit was formed. So every time they cross cut over to the vein, we encounter the water pretty much coming out of the vein systems. So what we've done on this particular period of time, we dealt a bigger pond on level 11, we've had to get bigger pumps and we are looking at a near term solution on level 11 to drain the upper level. More long term we have a long additional decline going up to the south. The reason we're going off to the south is to encounter the ore deposit on the south edge so that we're basically mining on the northern part of the ore body. Once that long dress rather gets to the south side of the deposit. We will have the ability to mine over there and that will help increase maybe even double our production tonnage out in the middle at some point. But what we're going to be doing is not cross cutting every level right now. We're on level 12, we're going to 13, 14 and also this long drift will come back in under on about level 14 or 15. We will then set up and be prepared to drain the water from that level so that those levels above will be drained when we're ready to mine them. So it's a very extensive development program which we are undertaking and going on as we speak.
Now another aspect with water and its increasing when we go with depth. Is this water has CO2 gap that emanates from this fractures in the water. Now CO2 gas is not lethal. It's not dangerous from the standpoint of drinking it. However, CO2 is heavier than air. And so it's known and it does displace the air therefore the oxygen and air is where it stagnant or lower. And that's why their relations has become so much of an importance. Because of the CO2 we have, greater ventilation demand. We didn't have CO2 on the upper levels but as we go deeper, we have more. So these are issues that are common with a lot of differed mines. We are encountering them and we have to address both the water and the CO2 which is also the ventilation at any point in time. And we now have a plan that we think long term will address the situation.
Jason Reid
Okay, second question from (inaudible). Can you provide a breakdown of cost, milling and mining cost per ton for the quarter? Are you seeing both productions and costs at normal levels in August?
William Reid
Okay, we didn't break down the mining cost and milling cost in this particular queue. But we will in the next one and we'll probably have that in each quarter thereafter. Certainly and I'll address the fact that you can see that our costs are up for this quarter. I might mentioned that we have hired a lot more people. We hired additional contractors to help us. We have actually upgraded our staff. We have a new mine superintendent. We have a new male superintendent. We have a new safety superintendent. So when the process of adding a lot of experienced people and our cost have come up with the adding of a lot of more production people. So I think we will have a leveling off of the cost and actually maybe even a decrease as we get more optimized.
Jason Reid
And the third question taxes, can you explain in detail how taxes on repatriation worked for GORO historically and how that would change in the future? What should we think about future effective tax rate?
William Reid
We've been able to transfer money from (inaudible) back up to the United States. First of all, transferring the money is not a problem but from a tax standpoint, we up here in the US, Gold Resource provided funds to the Mexican subsidiary through loans and as long as those loans were being paid back and there was no tax implication. But basically we paid those back and so now when we distribute, when we send up money to the United States to pay our dividend it is now taxed by the United States also. So as I mentioned, this quarter we paid $8 million to Mexico. I don't have the exact number but we paid some money to the United States taxing authorities or basically will be. So consequently what we have is taxes are so confusing and especially you are dealing with international taxes that a lot of this has to be based on estimates and this particular quarter we changed some of our estimates and so you will see that we have like a 55% tax rate. That's not normal but long term and I think we'll be for this year; we will be at about 37, 38% tax rate. So for those who like taxes, we're paying taxes to the Mexican government, we are paying to the United States government.
Jason Reid
Okay and fourth quarter. It seems management has been exploring possible acquisition targets. Have you come across any interesting targets? What kind of assets are you looking at country size, early late stage Gold polymetallic? I'll pick this one.
Our focus will remain on our recent deposits first and foremost. We expect to be here a very long time but having said that, we have been and will be looking for opportunities mining friendly jurisdictions. Ideally they would be immediately accretive but we will look at each opportunity for what it could potentially provide. On a spectrum of early Greenfield opportunities on one end and producing assets on the other, we will mostly fall within the first, third of that spectrum towards the early exploration stage and we would be targeting gold and silver ideally with a base metal component to help offset costs.
William Reid
Let me just add one thing there. I think we'll go after a minimum of 100,000 but 100,000 – 150,000 additional ounces from the next project, obviously we'd like more but that would be probably the minimum.
Jason Reid
Our second question is from Jerry who is an individual investor. Question, will quarterly or even annual forecast be as explicit as they have been or a little lighter and directional forecast be used.
Jerry, with all the moving parts and variables, operating a mine, it is difficult to target production levels, especially the junior producer with one mine operating. We are in early development of not only the recent mines of the companies in general and I want to be clear, Gold Resource does not give guidance. That's for major producers with multiple mines; they are better suited to give guidance. We give targets in gold. So we set a production range during the year to help account for variables in the mining business and there are many of those. So that range that we set may go up or down throughout the year depending on development and as we see it moving forward. And we still target 120,000 ounces this year and moving on to 200,000 ounces of precious metal gold equivalent in the future. Now when did that 200,000 ounces happens in 2013 or 2014, it's too early to call at this point. Again, when we finish each year, we plan a set of new range for the following year based on mine development. Now as the low end of the current range as Bill mentioned, I want to reiterate this, it's a 100,000 ounce gold equivalent range and again that may change but that's where we're currently going after. That still represents again a 50% increase from last year. Now that's a great growth production profile going forward and we can't understate that enough. We don't need to push it beyond that.
Third question, also an individual investor. His question, please forgive me if I have gotten the numbers wrong but last update your exploration budget was set around 10 million for 2012. But during the first six months, it appears you have not spent very much of this money. Does this mean exploration will be a significant increase in the remaining months of the year? Are you still on track to drill Las Margaritas this year?
William Reid
Let me take the first part. I want to clarify because the semantics in accounting sticks a tail in here. We need to talk about exploration. From an accounting point of view, exploration is not at the La Arista deposit. Now this is out in a minute. Exploration is outside of the La Arista deposit. I think that we actually our estimate in our filings said it was like 7 million for exploration in 2012 while we spent 3.6 thus far so we're pretty much on tract that we spent half the money in the budget for outside their La Arista area.
Now, the LA Arista area is not really considered technically exploration because what you're doing is infill drilling and expanding the ore deposit. And so that falls from an accounting under the development of that deposit and that gets put in the construction and development line. Normally would be capitalized but that particular like for us we also expense. But there is a break down between what is exploration that's outside the La Arista area and what's development which is expanding the La Arista deposit and we have three drills underground. We have a drill on the surface and we really don't have a fixed budget. We just will continue to drill and continue to drill with that.
Jason Reid
Okay the second part of your question regarding Las Margaritas, we finished the access road and are preparing to drill roads and pads in preparation to drill. I believe this property is the dark horse in all our properties here. It has historic mining on a pre-Mexican revolution time frame in which they built the town surrounded by various small mines and added. We have substantiated the high grade gold and silver potential, the potential was mentioned in the Mexican government publication called the mines in Mexico and we believe will be the first ever to drill it. I personally think good things will come from this exciting property and we're trying to get a drill there as soon as possible.
The next question from Scott (inaudible) individual investor. On May 10th, the company maintained its 2012 production guidance, 120,000 to 140,000. As stated by Bill Reid, mentioned challenges with respect to electrical ventilation and trucking issues. He also mentioned there would be times when production grades would temporarily be lower. Why did the company maintain its production guidance nearly halfway through the quarter when the production issues had led to lower 2012 production guidance, we're already well known.
Bill talked about this in the conference call but the answer to this, as Bill mentioned that his statements was one month of peak operation while processing high grade stopes can drastically change a quarter's outcome. So it's another way to answer that question is the recurring theme here. We are going to report on a quarterly basis going forward.
And then the second part of your question is, is the company satisfied with the way it announced lower 2012 production guidance.
The answer is yes, when the quarter ended, we targeted the preliminary numbers are prepared and announced them when we were comfortable with the preliminary numbers. We did not expect them be as low as they were. But we could have waited till yesterday to announce them. So we did the right thing by announcing them as a preliminary before they were officially due just like we announced preliminary numbers in the first quarter. Our production numbers again will be announced on a quarterly basis.
The third part to your question, since starting commercial production in 2010, the company has lowered production guidance on several occasions. Are there any issues you know of? How it can lead to further downward production guidance?
This is a mining business. Little goes as planned. We may lower or raise our future targets depending on what challenges lie ahead. We've been criticized for lowering our production targets a few times since 2010. I will take that criticism as the big picture illustrates our ability to reach production. We are on track to increase that production substantially year-over-year regardless of the lower targets and we have put the company in unique position as Bill mentioned, as the growth in income equity at the same time with our substantial must be dividend. Again, I'll take that criticism any day that we and I all our shareholders collect a monthly dividend, as we consistently grow the company for the long run with our current targets being 50% plus growth profile. It's a growth profile.
Moving on to the next question by Harvey (inaudible) an individual investor. Exactly when did management know about the second quarter problems? If it was something during the quarter, why did management chose to be silent and tell well after the quarter end?
Again, the same theme, it's probably the last question that is being answered, but to answer it another way, every quarter has its challenges. Some routine, some unique. We had some good days in the quarter, we had some not good days in the quarter and we had higher grade stopes come on line in the end of the quarter, it may have changed the quarter drastically. That did not happen. We released the preliminary numbers as soon as we had them, again prior to the recording day.
The next question by Brad (inaudible) individual investor. How are your grades in the additional deeper drilling in (inaudible). Are they staying consistent or improving their steps?
William Reid
Okay, we really haven't got to the point where we have been drilling deeper. There has been a lot of need for our drills with regards to help the miners and secondarily just because of the problems with the development since last quarter, we are in a position to put a drill station on level 10 which will really be the platform by which we will drill the depth extension of this deposit. We were hoping to get that done much earlier than we have. It's not quite done yet for the various reasons that I mentioned sterilization water issues. Once that gets done, then we will start drilling the depth extension. Now as far as the mineralization goes, we are pleased with what we see when we are in the areas that the model says will be high grade, they are high grade. And when we are in the areas the model said, there will be a little less, they are a little less. So all in all and I think it's very informative that Pincock, Allen & Holt, when they compared our actual mining to their model, which believe me that's a much better indication than even measured resource to actually be able to compare, their model was $0.24 precious metal lower than what we actually mined which is very positive. We have a high grade deposit and you will see the impact of that over time.
Jason Reid
Second question, Harvey, have there been any positive drill results on any of the other projects?
I'll take this one. We have drilled several good mineralized though small veins under the open pit, Harvey. We don't feel we have intercepted the feeder vein that is (inaudible) open pit or if one of those is the feeder vein, it may open up a depth. We know that the potential feeder vein could also be offset by or rather distance from the pit location and it may take a while to find it. Now at (inaudible) most holes that were previously drilled, hit the structured mineralization we were targeting. We need to digest that information and follow up with another drill program. I did mention Las Margaritas. As far as Al Ray, we think we're making good headway with everybody involved there to be back there in the near term. I can't give you an exact day, we don't know but we like what we're seeing so far.
The next question by GC, no individual investor. In Q2, the company mils about 15,000 tons less than in Q1. However in Q2 production costs applicable to sales increased about 12.6 million. Why did production cost increase so dramatically when tons mill decreased by quarter? What's the specifically drilled increase?
William Reid
Well I've alluded that before, but let me try again to be a little clear. We have a mill and we have the people staff for that, when that mill's running and use electricity, it uses all that, all the different types of utilities that we have etcetera, air, water. But that's kind of a fixed cost. I mean if you were to only run small amount of tonnage through that mill it doesn't lower your cost, it actually raises your cost per ton milled. So essentially we have fixed cost at the mill at any point in time and then when we've upgraded the staffing at the mine, we have basically increased the overall fixed cost down there. So as I gave them my example, we pretty much have these pool of costs, if you only run 15,000 tons through there and the cost of 500 if you are able to run 30,000 tons in that same quarter, you'd have about $250 cost. So we expect our cost to go down as we get back or production going up.
Jason Reid
(Inaudible) has another question, will management reaffirm guidance of the 100 to 120 for this year and what is management projecting for 2013?
We mentioned that already. Yes, we are reaffirming it. Again, our long term goal is going after 200,000. Whether we can do that in 2013 or 2014. It will happen in stages, but we are not going to nail down the exact amount. Again, each production year will have a range that around that. And we'll adjust accordingly.
Next question from Jim Reeves (ph) individual investor. Page 146 of the 4/21/01 shows a projected 52,000 meters drill samples in 2012 at a cost of 7.7 million. The last skew shows here to date exploration expenditure of 3.6. How many meters of drill samples have been completed in 2012?
William Reid
First of all that number that you got of the Pincock, Allen & Holt report is an estimated budget. That budget doesn't look at from an accounting point of view. About half of those meters are at the La Arista deposit and so you don't see that in the exploration number as I mentioned before. I can give you as I said here, how many holes we've drilled here or meters we've drilled and the deposits. But so it's really a combination and so the numbers don't really fit that at this point in time.
Jason Reid
All right and another part of his question. The 719 PR stated that the stope percentage for Q1 was 55%. What stope level was milled in Q1?
William Reid
Okay, a little bit of confusion over that. We gave the high and the low, basically if you look at the production from stope in Q1. It averaged 40% if you look at stope in Q2, it averaged 20%. So basically about half. In addition, we were actually in the second quarter mining some of that from lower grade areas. So that's the actual numbers.
Jason Reid
Another part, another question, stope levels mined in Q1 was a little on forth but mostly…
William Reid
Yes, it's just what stope level are we…
Jason Reid
Yes, what stope level are we on?
William Reid
In Q2 we were pretty, we had finished with the stope from level four, five and six which we had finished by the end of the first quarter. So we were attempting to get stopes on eight, seven and six, a little bit left on six.
Jason Reid
This question says, what stope level is presently being mined in Q3?
William Reid
We're still on seven and eight at this point in time but we're also developing all seven through 10, right now.
Jason Reid
The 10-Q for the period ending 3/31/12 listed 134,000 ton of stock piles. I do not see a similar statement for the second quarter 2010. How many tons of stock pile were on hand as of 6/30/2012. The tonnage of stock pile was basically the same at 134,000.
William Reid
Yes, you're right Jason. It was 134,000 and just the way the accounting works is that in the interim financial statement we only have to update footnotes to the extent that there was material change when compared to the end of the audited period. Inventories did not materially change so we didn't have to give basically the same number.
Jason Reid
What was the limiting factor in milling 659 tons per day in Q2 versus 825 tons per day in Q1. It's just a function of ore coming out of the mine. You said that all along.
William Reid
Yes, the mill can do up to 900 tons a day right now. But we just have a lower production out of the mine for various reasons.
Jason Reid
Bill (inaudible) individual investor. When do you expect to achieve zero cash cost? As we now longer expect to product at zero cash cost. Those were early potential targets. We're fortunate to have base metals offset our cost and whether we ultimately end up at 200 or 300 total cash cost, it includes royalties we would still position the company in the low cost peer group.
Jill Hogan individual investor. Your statements indicate that constructing and development expenses are going up. What is your expected budget for construction, development and expenditures for the foreseeable future.
William Reid
Basically this is, right now the construction development is primarily the underground development and we're probably spending between 2 million and 4 million a quarter on that and it will probably fairly be consistent for a while. We also continually optimize and increase the ability of the mill so there will be a little bit from that. But that's what I would say right now, pretty much 2 to 4 million per quarter.
Jason Reid
Chris Willis. There was about a $6 million increase in production costs over Q1 on few ounces. What is the cause of this large increase? Are the costs for improving ventilation of electric or exception including these costs or in the approximately 2 million increase in construction and development costs? Will this trend continue?
William Reid
I certainly alluded already to the fact that we have increased the number of people. We've increased the management and so our cost have gone up. However, with regards to your question concerning the construction and development, as a general rule, most of that will go into the line having to do with the development. However, if there are things that we are doing that won't last 12 months, in other words we've only used that for less than 12 months, even if we are putting in ventilation or piping or something and we won't use that over a 12 months period. Then I get to actually put into our production cost and so we have some of those also.
Jason Reid
The second part of that. Who's job was it to address water ventilation or electric issues and why were they not addressed in a proactive rather than reactive manner. These are not new issues in mining then why were they not anticipated.
First, Bill talked about this Chris. The water issues, we know we were going to get water into water issues. We had plenty of pumping stations. However, we had increased water coming out of these veins. So in response to that, we designed during the quarter and are constructing a larger pumping station. So it is mining. None of this is out of the ordinary.
James Washington, individual investor. The company reports produced and sold ounces in the future periods, which will be higher?
William Reid
As I mentioned, produced ounces are what the mill actually produces. What we actually sell however is a smaller number. I know there's been some confusion. People say, well look at their production and look at what they sold and there is a difference. Yes, there is a difference and there will always be a difference because our revenues are defined by net of smelter charges. That's what our revenues are. We use ounces sold. Now ounces sold really because the smelter takes a small portion of the metal as part of their fee, our ounces sold will always be less at a given point in time than our production. However, that doesn't take into account inventory. For instance, we did pull out of inventory ounces in the second quarter. So we can't really say, depending on how the inventory goes, we might sell more ounces than we've produced. But as a rule, but that coming from inventory. Whatever we produce, the ounces that we sell from that will be a little less.
Jason Reid
I know we're overtime, we're going to do two more questions. (Inaudible) Ruth, I am an individual investor. Please provide an update on the number of shares that were disposed by management year to date.
I don't believe any management have sold any shares this year.
William Reid
Once again, management has not sold any share this year. If they did, you would find that in the filing. As I mentioned in the last conference call, I did dispose of some shares but not through sales, through gifts, for state planning purposes and that's in the financial reports that we have to file with the SEC. but those were gifts and for a state planning purposes, they were not sales. Management has not sold any stock.
Jason Reid
The final question, we apologize for not getting into anybody else's questions, we'll circle back with them individually. Kerry (inaudible) Capital Advisors. Given that you have a 43101 report, do you plan a Canadian listing? What might be your timing and/or other requirements to list in Canada?
Canada is in our short list. We are looking at other venues as well for a secondary listing but we are actively moving in a direction of a secondary listing. I can't give you a timeframe on that but that is still one of our goals.
So we've over time here. Again, we thank everybody for joining the call and we will do our best to circle back to get to the other questions that we did not to here.
William Reid
Okay. Thank you very much.
Jason Reid
Thank you.
And that does conclude today's presentation. We thank you again for your participation.
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These are the Highest Quality Cricket Tutors in Cape Town. Get Cricket Lessons in your home with Teach Me 2 – the Best in Tutoring
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I uninstalled the oem pre-installed Microsoft Office 2010 on my Acer Aspire 5552 (Windows 7) from Programs & Features.
There was no reinstall or change button at the top when I selected Microsoft Office 2010.
I have the recovery disc's I created. I installed the apps and drivers disc.
Microsoft Office 2010 is not on there. It's not in the Acer eRecovery Management as an Application, I see Norton Ghost.
How do I find & reinstall the oem pre-installed Microsoft Office 2010 on my Acer Aspire 5552?
You can completely reload the system.
Please review this article:http://community.acer.com/t5/Community-KB/Reloading-your-Acer-computer/ta-p/45793
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I recovered my system using the recovery discs I made. Everything worked, but the Microsoft Office software is not loaded. I recall when I bought my laptop, there was a promotion to get Microsoft Office after purchase. Is there a way for me to re-download the Microsoft Office suite? Or is there a reason Microsoft Office didn't get installed when I recovered my machine?
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Getting Microsoft Office after purchase and having it on the OEM load are two seperate things.
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They did it again.
In the most recent case, a 47-year-old man came to meet his "date" in front of an apartment complex at 660 Tyrella Ave around 11 p.m. on June 5, according to Sgt. Dan Vicencio, public information officer with the Mountain View Police Department. He had $1,500 with him, because, as he later told police, the woman -- or the person posing as a woman -- had requested he bring it, saying it was her fantasy to make the beast with two backs on a bed full of Benjamins.
Just like the 22-year-old San Jose man on May 28 and the 30-year-old Sunnyvale man on May 29, the 47-year-old was robbed by two men -- one carrying a gun, the other carrying a knife. The robbers took the man's $1,500 and fled south toward Evandale Avenue.
"I think they're pretty brazen and obviously pretty comfortable with this location," Vicencio said of the robbers.
When asked why the police have yet to catch the men, he said that police can't patrol the 600 block of Tyrella Avenue 24 hours a day. "We're working on it actively," he said.
The victim, as with the previous incidents, was not harmed.
This story contains 291 words.
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Wholesale Sterling Silver & Birch Paper Jewellery by Birch Paper Dreams
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text: These Nixon RPM Headphones are Tuned for DJs, But Can They Handle My George Michael Remixes?Kat Hannaford4/25/11 9:50amFiled to: HeadphonesNixon rpmNixonPhonesrpmDj HeadphonesDjdjingDJs27EditPromoteShare to KinjaToggle Conversation toolsGo to permalink Looking not entirely dissimilar from the Danish Aiaiai TMA-1 headphones I liked so much last year, these Nixon RPM headphones have 40mm drivers tuned for DJ use, along with articulated joints for twisting every-which-way. They also come with an iPhone-compatible remote cable with microphone for answering calls while, you know, DJing, and cost $200 now. [Nixon via Uncrate]Gear from Kinja DealsFlexi Vario: A Better, Compact, Modular Pet LeashBestsellers: Lord of the Rings: The Extended Motion Picture TrilogySunday's Best Deals: Protein Sale, ThinkPad Yoga, Wireless Flash Drive, and MoreReply27 repliesLeave a reply


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Imagine this scenario. Say you are visiting Amsterdam or Rotterdam; it might be for a two week holiday; or it very well could be to enjoy short term visit.
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Imagine this scenario. Say you are visiting Amsterdam or Rotterdam; it might be for a two week holiday; or it very well could be to enjoy short term visit.
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It looks like you are from
United States
Senior business Consultant
Ref.: SbC-ca
Location: toronto (CAN)
company profile:
Tagetik is one of the fastest growing global performance management software companies with over 850 customers in more than 35 countries. Tagetik delivers intuitive, enterprise-scale solutions with a built-in financial intelligence to address the complex challenges that face the Office of Finance every day. Whether on the cloud or on-premises, Tagetik addresses budgeting, planning, consolidation, close, reporting, analytics and disclosure in a single unified solution that has helped hundreds of companies improve efficiency, reduce risk, save money and deliver results.
Job Description:
We are looking for a talented and highly motivated results-oriented individual with extensive CPM implementation / application design experience to be a part of our consulting team. We need a high quality hands-on player who will deliver as a direct performer as well as proactively contribute across our business operations. The candidate will be committed to excellence and will bring enthusiasm, expertise and creativity to our company.
The Business Consultant role will become the North American product experts in the Tagetik Application. You will use your knowledge of the Tagetik application and your experience with CPM applications to design optimal applications based on customer requirements. You will acquire the knowledge required through a combination of product training, project experience and working with other Business Consultants.
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- 6+ years of experience in business or technical consulting.
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Could we have a New England Patriots and New Orleans Saints matchup in Super Bowl XLVI? Perhaps, considering how well both teams are playing lately.
The Patriots have jumped out to a 5-1 start, while the Saints are now 5-2 thanks to their staggering 62-7 shellacking of the Indianapolis Colts.
While a Pats-Saints Super Bowl would be a great matchup for ratings—two potent offenses featuring superstar quarterbacks in Tom Brady and Drew Brees—just how realistic is it? I'm going to point out some reasons why both the Patriots and Saints can or cannot make it to Super Bowl XLVI, then ultimately decide if this matchup possibility is fact or fiction.


text:
2 posts tagged with genniferflowers.
Displaying 1 through 2 of 2. Subscribe:
Larry Who-vis?
Marisleysis will do your nails, Joey's back in prison while Amy sells crafts, and Gennifer is in Boobs! The Musical!
And you thought it wasn't over. The original intern, Gennifer Flowers, has a Web site hocking merchandise and her particular point of view. She even bridges the gap between the scandals and sells an Official Gennifer Flowers El Presidente cigar!
Page: 1


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The Bureau of Labor Statistics reported Friday morning that the U.S. unemployment rate is now 7.6% percent, with 175,000 new jobs created in May. At the same time, the Bureau revised its April numbers down, saying 149,000 jobs were created in April, and not the initial 165,000 it reported.
The unemployment situation in the U.S. in May was essentially the same as in April. (I wonder how the Federal Reserve looks at this. Does it say, "Wow, imagine what would have happened to the jobs market in May if you didn't create $85.0 billion in new money during the month"?)
My readers know I don't care much for the "official" unemployment numbers we get from the government statistics office. I believe the official rate doesn't show the real picture, because it does not include people who have given up looking for work in the jobs market and people who want full-time jobs but can only find part-time jobs.
When we take into consideration these two important figures that the official numbers leave out, the underemployment rate, as it is referred to, was 13.8% in May- it's been hovering around 14% for years now.
A startling 7.9 million Americans are working part-time, because they can't find full-time work in today's jobs market.
In total, there are still some 12 million people in the U.S. jobs market looking for work. What's most troubling is that 37.3% of them have been unemployed for more than six months! The longer they stay out of the jobs market, the more difficulties these people will face in finding jobs as their skills become obsolete.
Looking closer at May's jobs market report (which I feel was an all-round terrible report), new employment in industries like mining and logging, construction, manufacturing, wholesale trade, transportation and warehousing, and financial activities witnessed next to no change in May.
Yes, the growth in the jobs market is in low-paying retail and service positions. We have college graduates working jobs that pay minimum wage.
Dear reader, there is something definitely wrong with this economic recovery. The government has increased its national debt by $17.0 trillion, and the Federal Reserve's balance sheet has grown to $3.0 trillion… and we still can't get create jobs.
This so-called economic recovery smells funny to me. Maybe the recovery doesn't even exist. Take out the sucker's rally in the stock market, and there really isn't much left to the economy.
Michael's Personal Notes:
How can consumer spending in the U.S. economy rise under these circumstances…
In the first quarter of 2013, hourly compensation of Americans employed in non-farm businesses fell 3.8%. This was the biggest drop since the Bureau of Labor Statistic started to measure this statistic in 1947. (Source: Bureau of Labor Statistics, June 5, 2013.)
Consumer spending is not rising as one would expect in a real economic recovery. In fact, real personal consumption expenditures (excluding food and energy) adjusted for price changes rose less than 1% in the first four months of 2013! (Source: Federal Reserve Bank of St. Louis web site, last accessed June 6, 2013.)
And inventories of businesses in the U.S. economy also paint a grim picture of consumer spending. In March, manufacturing and trade inventories stood at $1.64 trillion, up five percent from March 2012. (Source: Ibid.) In an improving economy, like the one that the majority of media outlets and politicians tell us we are in, business inventories are supposed to decline-not rise!
No, businesses building up inventories are not a good sign.
But in spite of the pressures on consumer spending, the stock prices of companies in the consumer "discretionary" sector-that's businesses that sell nonessential goods-continue to rise.
Take a look at the chart below of the Consumer Discretionary Select Sector SPDR (NYSEARCA:XLY) exchange-traded fund (ETF) to get an idea of what's happened to the stock prices of companies that sell discretionary nonessential items to consumers.
Chart courtesy of www.StockCharts.com
Let's call a spade a spade: the above chart is not an indication that consumer spending is rising. It's a chart that simply shows that the stock prices of companies that sell consumers nonessential items are rising because investors are bidding up these stocks.
Don't let the stock market falsely tell you consumer spending in the U.S. economy is improving and that businesses are doing great, because that's simply not the case! The reality is that the opposite is happening.
Looking at the health of the U.S. economy, it is very, very weak. This is the weakest economic recovery following a recession I have ever lived through-I believe many Americans would agree with me.
Spending by U.S. consumers makes up more than two-thirds of the U.S. gross domestic product (GDP). If consumer spending isn't increasing, we can't have a real economic recovery; it's that simple, regardless of what rising stock prices may allude to.


text:
Biota of North America Program, Botanical Garden, North Carolina
Data Center Description
The Biota of North America Program (BONAP) of the North Carolina
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[Summary provided by BONAP]


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Letters presenting a special form of writing
Trademark: 'JMHe-liquidity'
On 16. 8. 2000 the community trademark application no. 001813609 was filed for JMHe-liquidity (Figurative mark) by J.M. Huber Corporation before the OAMI.The goods and services in respect of which registration of the trademark was sought are in classes 16 and 36. The current status of the trademark is registration expired.
Status is 'Registration expired'
The Community Trade Mark has not been renewed by the trademark owner and has therefore expired.
|10. 12. 2001
|Expiry date
|16. 8. 2010
|Nice classes
|16, 36
You can follow this trademark. You will receive an email, whenever we detect changes of the trademark filing.
This service is for free. You can unsubsribve whenever you want. More information.


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Happiness: It's Your Choice : The Skill Development Theory for Successful Change
Applegate teaches that our actions and feelings are driven by our thoughts, beliefs and perceptions. When our thinking changes, so does our actions and feelings - it's kind of like a computer really. How many times have you thought that the boss was being a jerk? Your perception is that he is being a jerk, so your actions may to be cuss him under your breath or flame him with a co-worker - you feel resentment, hurt, anger. Then, what if you found out that his monther just died last night? Now you have a different perception and as a result, feel differently. When our actions don't match our thinking, our feelings are in tumoil. My belief is that should always tell the truth, so when I lie, I feel guilty. Our thoughts, beliefs and perceptions are shaped by many things such as experiences, childhood teaching, etc. But this just a tiny tip of the iceberg that Skill development offers.
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text:
Employment costs up 0.6 percent from December to March
May 01, 2006
Compensation costs for private sector workers rose 0.6 percent from December 2005 to March 2006 (seasonally adjusted), after advancing 0.7 percent in the prior quarter.
Private industry workers wages and salaries increased 0.7 percent during the March 2006 quarter, compared with a 0.6-percent gain in the previous quarter.
Private sector benefit costs rose 0.4 percent for the March quarter, following a 0.7-percent gain in the previous quarter.
These data are from the BLS Compensation Cost Trends program. Compensation costs (also known as employment costs) include wages, salaries, and employer costs for employee benefits. Data are subject to revision. Learn more in "Employment Cost Index—March 2006" (PDF) (TXT), news release USDL 06-732.
Note on Employment Cost Index: Beginning with the release of March 2006 data, the Employment Cost Index has introduced a number of changes. Among the most significant, data are based on new industry and occupational classifications: the 2002 North American Industry Classification System (NAICS) and the 2000 Standard Occupational Classification (SOC) system. See the news release for details.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment costs up 0.6 percent from December to March on the Internet at https://www.bls.gov/opub/ted/2006/may/wk1/art01.htm (visited January 19, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers' compensation
Workplace injury and illness data and the costs to employers for workers' compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
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Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.


text: Mexican pop/rock band Sandoval -- whose namesake is a former member of the short-lived yet highly successful duo Lu -- made their album debut in 2009 with Lo Que Siempre So+¦amos Ser. Founded in 2008, the band is comprised of Mario Sandoval (guitar, vocals), Susy Ortiz (vocals), Alejandro Vazquez (drums), and Enrique L+¦pez (bass). Mario Sandoval (born on October 29, 1977, in Guadalajara, Mexico) originally rose to fame as half of Lu, whose better known half, pop superstar Paty ... Read more


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What can you study at SMC?
SMC offers two-year degrees (Associate) and paths to four-year degrees which allow you to continue your SMC experience while completing a Bachelor's degree online.
Degree Type: Associate
Majors/Areas of Focus: Associate degrees awarded in Arts, Business, Criminal Justice, Fine Arts, Religious Studies and Science for students interested in the following areas of focus: Art, Business, Business Administration, Computer Science, Criminal Justice, Drama, English, Education, Fine Arts, Foreign Language, History, Mathematics, Medicine, Music, Natural or Physical Sciences, Political Science or Government, Psychology, Religious Studies, Sociology, Veterinary Medicine and Other Arts and Letters Disciplines.
How It Works: Complete SMC freshman/sophomore years, get intensive help choosing the right major/career path, receive an Associate Degree and transfer to the right college for your goals.
Benefits: Save time and money by taking general education requirements here. With an Associate Degree, you may qualify for better part-time jobs/internships while completing a Bachelor's degree here or at another college.
Where Courses Transfer: SMC courses are designed to transfer to almost any other college or university (as long as you receive a grade of "C" or above.)
Degree Type: Bachelor's Degree via the University of South Carolina's Palmetto College
Majors/Areas of Focus: Accounting, Business Administration, Criminal Justice, Elementary Education, Health Informatics, Health Promotion, Hospitality Management, Human Services, Information Management and Systems, Information Science, Liberal Studies, Organizational Leadership, RN-BSN Nursing, Special Education
How It Works: Complete SMC freshman & sophomore years + online degree completion via the University of South Carolina's Palmetto College. Continue to live on SMC's campus while completing your four-year degree.
Benefits: Receive USC degree at huge cost savings and enjoy a flexible schedule that will allow you work while you live at SMC and receive all campus programs and support services throughout degree completion.
Degree Type: Bachelor's Degree via the Medical University of South Carolina
Majors/Areas of Focus: Healthcare Studies.
NOTE: This degree provides a solid foundation for SMC/MUSC graduates to apply to MUSC health professions programs in Physician
Assistant Studies, Occupational Therapy, Physical Therapy, Cardiovascular Perfusion, or Health Administration.
How It Works: Complete SMC freshman & sophomore years to earn an Associate degree + two years online degree completion via the MUSC College of Health Professions with an on-campus session in Charleston, SC once a semester. Continue to live on SMC's campus while completing your four-year degree.
Benefits: Receive MUSC degree at huge cost savings and enjoy a flexible schedule that will allow you to work while you live at SMC and receive all campus programs and support services throughout degree completion.
Academic support
Take advantage of our extensive array of academic support services – everything from FREE tutoring services to computer labs to one-on-one help sessions with faculty in our Writing Center.
The Liberal Arts
SMC is a liberal arts College, which means that here you'll have the opportunity to experience a variety of courses before you decide which major or career path is right for you.
Most college students change their major an average of three times. By taking as many different classes as possible and gaining exposure to new ideas and information, you can be sure by the time you choose a major that it's the perfect fit.
But the liberal arts are more than simply a grouping of general college courses. By studying a liberal arts curriculum before specializing in a major, you gain experiences and skills that will serve you throughout your lifetime and make you more attractive to employers.
When you take courses in the arts, humanities and sciences, you learn to see and understand connections between disciplines – and this understanding will not only enrich your life, but it will also have a broad application in many careers: employers want to hire workers who can see connections between different departments, companies, fields and industries – and use those connections to solve problems or create new ideas and products.
By discussing and writing about a variety of subjects, you learn skills such as critical thinking, analysis and information synthesis – all highly marketable skills that will help you stand out from the crowd of other job applicants in every career field.


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PHOTO FLASH: Ralph Macchio, Jeremy Piven, Tamara Tunie et al. at 110 Stories - Sep 9, 2011
Stephen Baldwin, Katie Holmes, Samuel L. Jackson, Jeremy Piven, et al. Set for Benefit Cast of 110 Stories - Sep 7, 2011
Edie Falco, Susan Sarandon, Kathleen Turner, et al. Set for 110 Stories Benefit - Jul 22, 2011Read more related articles


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Team WWIAFT conquers Ragnar
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Name: Eric Duda
Sport: Sitting Volleyball
Discipline(s): Sitting Volleyball
Position: Outside hitter
Height: 6-5
Weight: 225
Birthplace: Fort Lauderdale, Fla.
Hometown: Fort Lauderdale, Fla.
High School: Nova High School
College: University of Florida
Paralympic Experience
- 2016 Paralympic Games in Rio de Janeiro (8th place)
- 2004 Paralympic Games in Athens (6th place)
World Championship Experience
- 2014: World ParaVolley Sitting Volleyball World Championships (10th)
- 2010: World Championships (10th place)
- 2006: Sitting World Championship (9th place)
Other Career Highlights
- 2016: ParaVolley Intercontinental Cup (6th Place)
- 2015: Parapan American Games (Silver)
- 2013: Parapan American Zonal Championships (Silver)
- 2012: Intercontinental Cup
- 2011: Parapan American Games(Silver Medal); Continental Cup
- 2009: Parapan American Championship (Gold)
- 2007: Parapan American Games (Silver)
- 2003: Parapan American Games (Gold)
- ---
- Started all six matches at the 2016 ParaVolley Intercontinental Cup
- Named 2014 "Male Sitting Player of the Year"
- ---
- He is the team captain
- He was born with amniotic band syndrome, but likes to tell people that he lost his fingers while protecting his dog from an alligator
- He currently works as the Men's Volleyball Assistant Coach at Sacred Heart University with Greg Walker, the U.S. Men's Sitting Team Head Coach
- Eric served as a volunteer assistant coach for the volleyball team at the University of Florida while earning a bachelor's degree in sports management
- He was the men's volleyball team captain for the 2003 and 2004 seasons at the University of Florida
Personal: He has played eight years of classical piano, seven years of percussion and competed in archery for two years-all without fingers on his left hand...Has served as a volunteer assistant coach for the women's volleyball team at Central Oklahoma. He also coaches for Oklahoma Peak Performance and coached women's volleyball at Redlands Community College in Oklahoma.
Men's Sitting Team Accolades Go to Green, Smith
B.J. Hoeptner Evans (email@example.com) Dec. 20, 2016
Roderick Green is named Male Sitting Player of the Year and Josh Smith takes Most Improved
By the numbers: A closer look at the 2016 Paralympics
Karen Patterson (firstname.lastname@example.com) Sept. 22, 2016
Get inside the numbers of the U.S. Paralympic Sitting Volleyball Teams' recent tournament
China defeats U.S. Men's Sitting Team in Paralympic finale
Karen Patterson (firstname.lastname@example.com) Sept. 16, 2016
The U.S. concludes the Games 0-4 following the loss
China Defeats U.S. Men's Sitting Team In Paralympic Finale
USA Volleyball Sept. 16, 2016
The U.S. concludes the Games 0-4 following the loss.
Egypt Tops U.S. Men's Sitting Volleyball Team In Paralympic Pool Play Finale
USA Volleyball Sept. 13, 2016
Team USA will compete for seventh place on Friday.
Egypt tops U.S. Men's Sitting Team in Paralympic pool play finale
Karen Patterson (firstname.lastname@example.com) Sept. 13, 2016
Egyptian attack overcomes U.S. defense
U.S. Men fall to Germany in tight five set match
Karen Patterson (email@example.com) Sept. 11, 2016
The U.S. fought back after trailing 2-1
U.S. Men's Sitting Volleyball Team Falls To Brazil In Paralympic Opener
USA Volleyball Sept. 09, 2016
The host-nation began the Paralympic Games with a 3-0 sweep of the U.S.
U.S. Men fall to Brazil in Paralympic opener
Karen Patterson (email@example.com) Sept. 09, 2016
The host-nation begins Paralympic Games with a 3-0 sweep of the U.S.
U.S. Men's Sitting Team ready to rally in Paralympic return
Karen Patterson (email@example.com) Sept. 05, 2016
The U.S. Men return to the Paralympic Games following a 12-year absence


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Written on: 01/12/2007
Good Points
Great scent for younger men.
Bad Points
General Comments
Be careful when buying Clinique Happy Cologne Spray for Men online, and example would be Fragarancent. They are very cheap, but you get charged customs duty when delivered to the UK, and the site doesn't make that clear.
As rated by our community of reviewers
" A special scent! " Read More
Written by ChuckLesley
" Elegant, Good price and very Appealing " Read More
" The Giorgio Armani: Gio Aftershave has never let me down to this ve... " Read More
Written by The Daddy
" Paco Rabanne XS Pour Homme is long lasting and would suit bolder ty... " Read More
" Wearing this, Hermes Bel Ami will make people turn their heads alri... " Read More
Written by shamu1


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When your family is affected by a learning disability there are many questions that may arise. We have provided some helpful tools for you to hopefully aid in your process of navigating all of these questions.
What is a Learning Disablility?
Organizations, Groups, Websites, and Events
Article on dyslexia featuring John Alexander, Head of School


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Here's how RW members rated this race in the past (45 votes).
In short: Good course, good value for money.In full: At £13 I think this is a bargain. Chip timing and road closures both cost money, so fair play to the organisers for this good price. Good medal too. Not 'the best' 10k I have done, but those I would rank above this all cost more. Good PB potential too. Just like Arnie, I'll be back!Date of review: October 17, 2016
In short: Not a "flat" 10k. Date of review: October 19, 2015
In short: A few little climbs here and there.Date of review: February 19, 2015
In short: friendly, well supported rural race, looking forward to doing again :DIn full: my first time at this event, but thoroughly enjoyed it. a good no of supporters given the small, rural nature of the race. markers every mile, enough undulations to keep you interested and even perfect weather! looking forward to returning next year :DDate of review: March 13, 2010
Date of review: March 8, 2010
In short: friendly undulating country funIn full: Thoroughly enjoyed this 10k. Great friendly atmosphere, well organised, nice medal. Quite a few undulations but broke a long standing PB so very happy.Date of review: March 8, 2010
In short: Lovely day and a very pleasant raceIn full: My first event of the year and has got me in the mood for more. Enjoyed it - great weather and seemingly well organised. Only saw 3 markers at 3, 5 and 6 miles. Would have been good to have had a few more.There were some moderate hills to contend with but nothing too bad. Rural and pretty much traffic free. Date of review: March 8, 2010
In short: very pleasent event well worth the driveIn full: Pretty rural roads. Well organised. Top notch weather. What more could you want. Thanks to Wrexham Road Runners.Date of review: March 7, 2010
Date of review: March 7, 2010
In short: Big improvement on the old 3 miles out and turn round a cone routeIn full: glorious weather, a lovely route, easy parking and good facilities. Liked the walk to and from the start.Date of review: March 7, 2010
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If you're like me, you get a lot of email. Problem is, a lot of it these days is spam, or unsolicited email. Eudora and Outlook do offer some partial solutions (Moodwatch for one), but the spammers keep finding ways around these filters. Enter add-on spam products.
Spam, or unsolicited email, has exploded on the Internet. With a marginal cost of zero, email advertising and solicitations have a heady appeal to marketers hoping to sell their wares. Spammers use special spiders and software and buy huge targeted email lists to email tens of thousand, and, yes, millions, of users at a time. If only a small percentage of users respond, spammers can make money.
A Few Solutions
Two products that filter spam are Spam Assassin and Spamfire. Spam Assassin is targeted at UNIX users, and Spamfire, from Matterform Media, is a Mac application that claims a 98 percent success rate. A Windows version is in the works.
Email program makers such as Qualcomm (Eudora) and Microsoft (Outlook) offer partial solutions. Eudora users are encourage to enable "Moodwatch" or create filters to redirect potential spam to other mailboxes.
Outlook users have "Junk E-Mail" and "Adult Content" filters that work by searching keywords and can download filter updates, but these aren't 100 percent effective. That urgent business proposal from Uganda still seems to slip through. As fast as users tweak their filters, spammers find another way in. What users need is a more robust approach.
Steps to Stop Spam
First, avoid making your email address easy to harvest. Consider using Hotmail or a similar account when posting messages to the Web. Use your primary or business account only for communicating with colleagues.
Second, disguise your email by spelling it out (e.g., andy at jupitermedia dot com), using JavaScript, or embedding words that users remove before sending you email.
Third, don't let the spammers know you are there. Don't reply to spam expecting to be removed; you've just confirmed your existence. Also, turn off automatic HTML image downloading in your email program, the default (at least in Eudora) of on automatically registers that they've got a live one at the other end of that email. When I turned off "Automatically Download HTML Graphics" in Eudora, the amount of spam I received went down.
Spam Software
There are two approaches to filtering unwanted spam: server-side and client-side. Server-side solutions nip the problem at the ISP level before they ever get to you. Here are some solutions:
- Brightmail's Spam Wall is a popular ISP option that works with Sendmail.
- SpamShield is Perl-based filtering for Sendmail. (A good article on this can be found here.
- Sendmail offers antispam measures (be sure to get the latest version).
- Spamcop.net lets the spam flow to the ISP, but you redirect your email to them, they filter it, and your retrieve it back from them.
Client-Side Spam Solutions
Client-side solutions abound. Other than Spamfire and Spamassassin mentioned above, here are some other client-side spam solutions (all Windows):
- DigiPortal Software's ChoiceMail uses a permission-based approach.
- MailFrontier's Matador combines techniques.
- Mail Washer is freeware.
- McAfee offers Spam Killer.
For more information on spam and some solutions see the following:
- "Spam vs. the Kitchen Sink"
- "Fed Up With Spam"
- "Spam and Email Filters: Reader Solutions"
- "Six approaches to eliminating unwanted email"
- "E-mail onslaught to feed anti-spam firms"
- "More on Bayesian Spam Filtering"
This article originally appeared on WebReference.com (a sister site of ClickZ) in a two-part form. Part I published on September 16, 2002, and Part II published on September 26, 2002.
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