at this price, page-6

I was not suggesting otherwise Oz Wire .

What I tried to suggest was :

The annual loss will be about the same number as the total revenue .

I expect this will include about $2.5M in write downs as the board takes advantage of this opportunity window to clear the slate clean .

The write downs could include a number fo things including

1. Removing the tax losses off the balance sheet as an asset , They are really not a hard asset if you are not expecting a short term profit , they cannot be transferrred and have been diluted on the option exercising .

2.Mining Assets

3.Property Assets

4. The capitilized asset that was created by accounting for the site works as a partial asset over the last few years whilst they have been determining their process



What do you predict the annual result will look like Ozwire ?

Please dont be like so many others and just be another expert after the fact , have some courage and share your opinions rather than criticizing others for forming their own .

Just so I my opinion is clear .

I am expecting

Revenue ( Approx ) $ 4.5 M
Expenses $ 6.5 M
Write downs $ 2.5 M
Loss $ 4.5 M before tax