Ann: December 2010 Quarterly Report , page-8

I think the qtrly cashflow is a lot better than people are letting on. The operating expenses include annual insurance (when you read the fine print). There is a large amount of loans, finance leases etc being paid off. And decent amount of equipment being purchased and developments to mine. And cash position is improving.

Sale of a mine will just improve things even more.

Re loan repayment of 3mil due in Jan, my reading of the annual report is that they could extend it if they want. Given cashflow, this will prob happen.

I think they are getting this thing back on track, that is why it is still one of the most exciting stocks in my portfolio, while also being one of the most risky and scary.