bcd convertible note, page-4

I admit in hindsight that it probably wasnt the safest way to use the money i think in the long run we will end up receiving the money back and including the interest make more than we probably could have anywhere else so a good result from a bad decision.

Regarding the funds....I cant seem to find cash on hand as the cashflow querterly doesnt seem to have been released yet but the quarterly activities report states "Cash costs of production of A$1,398 per ounce" and "The average gold price received during the Quarter was A$1,631 per ounce"

Therefore $233 profit per ounce whcih at approx 10,000 ounces per quarter (also form the report) equals about $2m in which is use to pay back MAK with.

This profitability may enable them to get a loan or something else in which to pay back MAK as they look like they want to pay us the cash and im sure all of use would prefer the cash as well.