2007 annual report

Some initial comments on the most comprehensive annual report to date.
The cash position is at the end of the calendar year and since then the successful rights issue has added to the cash position, page 16 shows that "after balance date events" an additional $1,930,598( before issue costs). In addition to this , the conversion of options would add further funds. As a small explorer, these funds represent a strong financial position and with the increase in exploration activities identified, further expenditure will occur and so will an increase in value in tenements add to the asset base.
I'll do a post shortly on the huge increase in tenements that are listed now that the market has previously not been aware of without intensive research.
fs