Ann: Quarterly Cashflow Report ending 31MAR10 , page-4

The part I found most interesting was the expenditure for exploration and developement. They had doubled compared to the previous 2 quarters. It means that twice as much work was done in the last quarter compared to the previous ones so there should be more meat in the activities report compared to the previous ones.

$200,000 is not much for exploration but we don't know if the road builders or drillers for example have billed in that quarter.

$800,000 for developement I'm assuming is mine related costs. Can someone clarify these if they know. If that is the case we can assume that the underground workforce is doubled or more, or perhaps a small deposit for the plant.

Anyway, it seems to me that MCO are finacially still running a very tight ship.

It looks like the Activities report will be next followed by an update soon. I'm quietly expecting very good reports.

Ari