Ann: Project Updates - Barnes Hill and Lindeman&#, page-19

re: Ann: Project Updates - Barnes Hill and Li... FYI, the following is the details about the Proto & Metals Finance relationship from the MFC website:

"In the event that the project proceeds to commercial development, 95% of any surplus derived from operations will be applied to repayment of capital expended by Metals Finance in the development of the project. After capital has been repaid any surplus from operations will be divided equally between Metals Finance and Proto."

Regarding the cash burn, it has been going OK so far, but agreed, will have to keep an eye on it. This quarterly they would have spent a heap on both Barnes Hill and LB.