SIR cash reconciliation:June 30 2012 (Qtrly) - $1.7mAug 14 2012...

SIR cash reconciliation:

June 30 2012 (Qtrly) - $1.7m

Aug 14 2012
(3B - exercise of options)
31/12/12 - $0.60 - $30k
31/8/14 - $0.60 - $1.2m (MC)

Aug 20 2012
(3B - exercise of options)
31/12/12 - $0.60 - $2.18m

Aug 21 2012
(3B - placement) - $7.9m

Aug 27 2012
(3B - exercise of options)
31//12/12 - $0.60 - $1.31m

Sep 4 2012
(3B - exercise of options)
31/12/12 - $0.60 - $1.17m

Sep 12 2012
(3B - exercise of options)
31/12/12 - $0.60 - $0.95m

Sep 19 2012
(3B - exercise of options)
31/12/12 - $0.60 - $0.9m

Sep 24 2012
(3B - exercise of options)
31/12/12 - $0.60 - $1m

Total cash balance: $18.34m

Estimated qtrly burn: ??
June qtr saw $1.2m spent but activity ramped up significantly now - say $4m/qtr to be conservative?
That's approx. 4 qtrs of cash - enough to get SIR to a maiden JORC resource Q2 2013?

If the ducks are quacking loudly enough SIR may be tempted to feed them...

Cheers,