big buy, page-12

"funded in part by existing cashflow"

Last quater you had $448,000 in sales.
$423,000 in admin + prod costs
That left $25,000 to go towards $2,862,000 in exploration + evaluation. Loss for the quater $2,764,000. That number will rise significantly when you start adding the cost of drilling wells. So in the scheme of things revenue counts bugger all towards developement and it looks like PYM shareholders will be up for quite a few more capital raisings before revenue starts to carry the company. So the above statement although correct is extremely misleading.
Cheers