To be honest, you can't be TOO hard on GPL for this one. I follow a lot of silver miners, and I am yet to see one release a good earnings report this quarter. I have a lot tied up in EXK and it didn't do as bad as it could have because they held back some inventory from previous quarters and that was added in their sales. But for the most part, all miners are reporting less this quarter. Hopefully 2013 is better to silver and all the miners.