Ann: Quarterly Activities Report and Appendix 5B, page-6

Thank you LM. For the moment I will give you a very rough explanation for my prediction. Some months ago I predicted, purely on the information available at the time, that LCK had enough funds to take it to about the first or second week in the new year.

You mention 8.7 in 5B. 3.49 Quarters. Well, IMO, this is a bean counter's value; it is extrapolation. While I am quite happy with interpolation, I am very uncomfortable with extrapolation.

Lets look at a few figures. And these are rough.

As at 31September: Cash in bank - $17,710,000

Estimated normal outgoings for Dec Q - $5,072,000
Consultant fees (upfront) approx. - $8.00 million
Power plant plus bits and pieces approx. - $5.00 million.

So there is, conservatively, $18.00 million.

Have a think about it, and if you want to debate it further, great. J L.