Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

Hi cl1cl1, I would think evaluation is soaking a fair chunk of the funds, don't forget there are probably payments for Environmental consultants Alger Consulteria, the ANSTO test work program and US$200k for a 120-day exclusivity period on the new tenements then associated technical, legal and financial due diligence costs.

On exploration, the multi-purpose AC is owned by MEI but they would have to allow for associated costs and then there would of course be the hire of the diamond rig.

All this business certainly adds up . And nobody can say MEI are not doing the business here, what a jam-packed quarter. The Doctor and Team have done an outstanding job, looking forward for the next quarters highlights .