G'Day All,Q2 2011 cash flows will be minus plant refurb costs,...

G'Day All,

Q2 2011 cash flows will be minus plant refurb costs, improving burn rate considerably. However, if SBL stays on course, cap raising inevitable. Annual report 2010 states both first prod Q1 2011 as well as Jan 2011 plant com AND production. Ambiguity like this is why the market appears to undervalue our little roughie. We are obviously delayed, but still on track for Q1 production. Anyhow, it's what's in the ground that counts with this one, so lets hope SBL can fund itself to explore the tenement till there's nothing left to drill!

All In!