Ann: FY 2010 Annual Report , page-10

Pigs will fly. The big fellas are moving out. There needs to be a $32,000,000 turn around just to break even. Approx. $6,200,000. disposable profit is required just to pay 1c per share dividend. Then there is about $100,000,000 of debt plus interest to pay. The debt and interest have to be out of the way before any dividend can be contemplated. If the capital raisings would not have been successful the 2010 loss would be horrendous. Then they are mining a 1.49g/t deposit with a +7:1 overburden ratio and an 80 km haul + rehabilitation(40 each way, the tails have to go back??) even if the tails don't the truck does. Why is the total cost of production per oz. not mentioned? This is a power hungy mill and power is set to quadruple in the next couple of years and fuel will probably not be too far behind. Also like everything else, mills wear out. Good luck.