Ann: Quarterly Cashflow Report , page-6

Your going to get that from time to time with a lot of the small explorers. I'm not worried. I was happy with the activities report. Some new rockchip results that look ok. The Copper is interesting at 1393 ppm. Be good to see the final 483 soil samples next month. Also drilling to start at Kelly within the next few weeks. Maybe a few people down on this one will start to reconsider towards the end of the year. And yes i would prefer exploration costs to exceed management fees.
As i've said many times, Manus is going to get many peoples hearts racing. I still think its going to be a ripper. And with PRE having 10% of a possible medium size Newcrest mining project, thats big big dollars. Fingers crossed.

My ops.


Scorp