In a nut shell: There were only 12 share holders at the meeting...

In a nut shell:


There were only 12 share holders at the meeting (pretty poor turnout)

The Co. has $3.5M in funds

Cost of Paradox #1 was approx $20M
Budget for Paradox #2 is $10M
P2 scheduled for 1st quarter 2008 expected to take 90 to 120 days ( will be using different, probably smaller rig.
Options of Cap. raising or farm out been being considered
They are confident of good result and where best target levels are.
Cost of tapping into passing line is $.5M for pipeline construction and same again for connection

Uranium IPO is imminent (has been lodged with ASX and is awaiting approval, apparently there is a cue of 41 IPO's awaiting approval)
They expect at this stage that ore processing could be within 8 months !

Johnson Range exploration drilling is in progress but is only considered a small play !