Ann: First Quarter Activity and Cashflow Report -, page-5

re: Ann: First Quarter Activity and Cashflow ... $2.1M cash in the bank. Timed it perfectly to coincide with cash generating of third party ores from 2 different sources that seems to be achieving it's purpose. If they can maintain their cash flow I see no dilution ahead while they start their ramp up on so many open pit and underground mines I am finding it hard to keep up! And there is all the upside to Hogan project in WA further down the track. Will definitely be accumulating on any weakness.

I have been told that there are not much refractory ores in the Maldon project and mostly oxidised. This is definitely a plus for lower cash cost.