Ann: Quarterly Cashflow Report, page-5

There wont be any cash inflows into MLM untill next quarter. The best we can hope for is haul road approval and a serious off take / sales agreement for ALL of the higher quality product. I think there was 4.5 million tons off memory. Also around mid feb we may get notification of site mobilization. If MLM leave it untill the end of march thats another 6 weeks wasted of lost production just to mobilize site.

Another thing im trying not to down ramp but think about this every 4 ships exported 2 go to the j/v partner, 1 ship is for administration, 1 ship for share holders. Somthing to think about?

Also were is the receipts from our so called j/v partner for the expenses for acquiring native title, federal, mining lease, and now haul road?? Let me guess there isnt one. We the share holders take the risk and the j/v partners get paid. VERY VERY one sided atm.