how many new the $7 mill write off?, page-7

From the Annual Report...

Review of Operations
During the six months to 31 December 2006 the Company has made significant progress in its evaluation of the exploration potential of Puntland, the finalisation of the acquisition of the Corachapi Uranium deposit and has completed a Rights Issue. The Company incurred a loss of $7,008,700 which included a write-down of $6,171,407 on the Forrestania and Donnybrook exploration assets. The decision was made to write-down these assets as the Company focuses its exploration activity on the Puntland project in Somalia. Set out below are the major highlights for the half year.