agm, page-3

AGM presentation suggests a very good quarter coming up.

As at 31 March DRA had $11.8 in cash, gold and receivables. 54 days later this totaled $16m.

All being equal by June 30 BAU cash, gold and receivables could be $19m. With the $7.8m CHN money DRA could be sitting on a massive $26.8m by 30 June.

Pay back the convertible notes of $10.2m and we are still left with $16.6m.

$5m on a share buyback would go a long way and worth doing if this cash flow can be maintained.

All we need now is an increase in reserves and mine life.