Ann: Quarterly Cashflow Report, page-92

Hi Jor,

First congratulations and thank you for sharing the numbers.
i have very similar, although mine are not complete, i have not added in the write off of plant and equipment which looks like you have.
In the Feasibility study, the equipment relating to the mine was going to be written off over time via the units method life of equipment.
For equipment not relating to the mine were going to use the straight line method.

For the forecasting we are using very different numbers.
I'm using 6 shipments (60,000.00 per ship) for the April - June quarterly period and using USD$190.95 per tonne at conversion $0.775.

i'll share the numbers if you like but my graph is inconclusive and i have not factored in for the Depreciation and amortization that i'm pretty sure you have.



The Cash at bank YTD has not factored in any shipments after the Jan- Mar quarter and is the total amount as indicated from cash and options.

Tax Payable for yours must be the difference of the write downs?

Its interesting we go similar numbers.

Rooks
P.s. i'm not an accountant and this is my incomplete view of the companies financials.