PEX 4.76% 11.0¢ peel mining limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-19

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    Ummm...almost all the money has gone in the ground. That's what we are investing in. What were you expecting?

    We want them to drill holes and define a JORC resource. Otherwise we would just keep the money in our own bank account.

    They have kept corporate costs quite lean by the looks of the quarterly.
 
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