Breakout Gap Running, page-38

Hi Kojak

I agree cash flow is there as they have paid down plenty of debt over the last 15 months (but none last quarter). Last quarter is not so clear as there was no creditor information (unlike the previous few reports). With only $1.6m cash, no debt repayment made and no creditor info the report is a bit murky.

$1.5m exploration would be a big jump from $1m spent for the whole of last year but the quarterly did state it was $0.71m. It looks like a well spent $700k though. Hope the rest of the holes compliment the first lot.