Ann: Drill Update Reef Extensions Confirmed McNally's RemainsOpen, page-229

Next qtrly nearly due. Past two have indicated costs per qtr of around $2 mill.

Doubt whether June qtr will be much different.

They SHOULD have approx. $650,000 cash, if they haven't already spent it.

As far as we KNOW, (as fact), no gold has been produced so far.

We can assume that gold has been poured, but until AUL confirms

that it has, and how much, it is just an assumption.

To cover costs of $2 mill. per qtr, need to pour 1,163 ozs per qtr.

So far, have seen a 7 ounce ingot, need a lot of them to get to over 1,000 ozs