re: Ann: Quarterly Activities Report - 31 Mar... Strong cash...

re: Ann: Quarterly Activities Report - 31 Mar... Strong cash position ? $33.3M cash at bank
(after interest payment)
􀂾 Debt reduced by $13.04M in March, bringing
total debt reduction since July 2010 to $61M
􀂾 Completed sale of Sienna and Electra Coal
Projects for $30M, first $15M received, further
payments due in February 2012 ($5M) and
March 2013 ($10M)
Production Guidance
􀂾 Production guidance of 155k oz ? 160k oz for
FY2011 maintained

61 mio dept
- 33 mio Bank
- 15 mio sale coal
---------
= 13 Dept

this is a good Basis