can mak be a multibagger, page-5

"But as of the 31/12/08, as projected by your company as per the 2nd 08/09 quarterly, the cash spend for exploration, development and evaluation is $5m. The administration is around $400K per quarter.

$13m minus $5.4m is $7.6m."

Presentation shows expected cash at AU$11 million at the end of April (assuming BON takeover).

"3rd quarter will contain obvious dilution IMO based on cash spend."

Dilution from cash spend? That's a new one.

There will be obvious dilution from the takeover, but that wont be concluded in this quarter.

"All eyes on their next quarterly in a couple of months."

No need, the projections are already on record.

I'd give you 0 for 3.