Ann: Exploration and Development Update, page-74

Yeh I'm a bit confused too Crash. The $257K production costs could suggest that the 1 mill in inventory is finished product. However following the company's progress this would mean they have produced 50 tones of concentrate before December. I doubt this would have been the case, considering the tailings only contained 1% Tin. And all of the the work they would have been doing on the refinery equipment. If it is finished product I like Blister will be making ANW my entire portfolio.