The only noteworthy observation was the fact that Stage11 CapEx...

The only noteworthy observation was the fact that Stage11 CapEx has blown out from the budgetted US$5.8mil to around US$8mil - not good but we can live with it.
The strangest thing is that in capitalised exploration expenditure it's revealed that they spent some US$30,000 this year on 'Philippines regional exploration project' - geez Bill what's this about? The Philippines - that's more risky than DRC isn't it? I know BT did hint at a gold play in S.E.Asia at the last Sydney presentation but the Philippines? - don't know if I could live with this.