Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

So we have to wait until March for the results. Let’s hope it’s early in the month and they don’t leave us hanging.

They are pretty keen on this Pollucite. I had never heard of it before but it seems to be rare and expensive so hopefully could be a cash boosting byproduct of the lithium exploration.

They are also using pretty positive language about the potential lithium deposits which, while I know doesn’t account for much without the assay results, is still a good sign.

They have $1.9m left in the bank and spent $966k for the quarter. $611k of that was on drilling/exploring so you’d assume there’d be very little spent on that this quarter while waiting for the results.

$361k were admin and corporate costs, so they have around 5 quarters left of funding without any further drilling, and 3 quarters if they are drilling. The director is getting paid $160k per quarter ($640k pa). Pretty sizeable wage for a small company. Let’s hope it’s justified and we all see the results we’re hoping for.