30th june 2010, page-3

re payables @ 30 Sept - If they have made more that 700k inroads I'd be surprised.

IMO, look for cash on hand to be less than a mill (comfortably) and for payables to be virtually unchanged. (not that they will be noted)

IMO, best case scenario is a small operating profit of $1mill (max) less development, exploration, capital and financing costs.

Out of curiosity, how many of you bullish holders would consider the above to be a successful quarter? Is the stock worth 13-15c on this basis? IMO, it is worth the 13c but no more unless you are just taking a punt on the future operation estimates that will undoubtedly appear in the quarterly.

cheers,
Split