its a gusher, page-55

Johno

many thanks for that.

I feel much better now.

I was basing my post on the Quarterly financials posted 30/4/2012 (page 9).

But, thanks to you I have now found the original advice; ann 10 May 2012.

Extract below:

Financial - The Final Transactions on the $25 million Fund Raising was completed on April 28th, 2012. This will fund
considerable activity, with the primary focus that funds go straight into the ground and all extraneous expenditures
are avoided. Also, the company has already cut avoidable costs by $746,000 – far exceeding our ‘500-Squared’
program target of $500,000 in non-operating costs by June 30th, 2012 under acting Chief Financial Officer, Lonny L.
Haugen. These savings ensure all funds raised go straight to the exploration and development program. This is
money that would have been spent in non-operating areas, with more savings anticipated.

As for your question, on inclusions, I would say it is extra to all the planned activities given on page 2,3 of the above quarterly, which I was taking account of from the prior cash position.

So it looks very healthy.