Ann: KOU SA GOLD RESULTS 6m @ 3.80 g/t Au Eq-GPR.AX, page-7

Hi Heeman. Keep in mind that payments were made for the purchase of the Cambodian assets as well as the exploration. We are also still under the price the money was raised at, which was 5.5 and 6.5cents from memory which shows how cheap we still are.

One thing I have always been impressed with is that the admin costs compare very favourably with other explorers and they are a relatively small percentage of the exploration spend. Imo the management are there to get some mines up and running for shareholders, and not focusing on their own welfare/benefits (snouts in the trough) which is so common with a lot of other less credible explorers and miners.