Sales Agreement (Possehl), page-3

Thanks,

So from what i'm thinking BASS would do well to have as much stockpiled as possible by Jan 1st and sell it all to Possehl. That initial cash inflow could be very useful given they expected to have $1 million on hand at the end of December ($3.6 mill reported on hand in the September QTR cash report less a $2.6 mill expected burn for the Dec QTR from what i remember). Of course they will have an extra $1 million for the share issue which is very handy. $2 mill + of cash on hand and anything they can sell to Possehl in the first couple of months should hopefully see them through to full stage 1 production as cash burn for the March & June 18 QTR's will be considerably lower with no more capex, just opex to fund.