Ann: Presentation to Africa Downunder Conference, page-34

correct.
looking at mkg quarterly cost structure - 85 to 90% exploration & 10 to 15% staff and admin, in majority of other comparable businesses the ratio will be under 50/50 (for exploration) or at best 60 / 40 respectively, shows mkg focus - drilling & growth as opposed to director & mgmt lifestyle maintenance! all the mgmt, workers etc etc have a combined monthly salary of 30k, that is very very reasonable! can you imagine 15 to 20 people working in Australia for combined 30k a month... stock price is sh*t no denying but lets keep things in perspective... i hope Peter and the team don't give up and keep working hard that's our only hope! DYOR