Cash on hand at 31 March 2011 was $2.8 million.It is anticipated...

Cash on hand at 31 March 2011 was $2.8 million.

It is anticipated that detailed planning and evaluation of these 5 SMP's will be completed in the June Quarter and will enable the Company, subject to economics, to commit to commencement of small scale mining before the end of the June Quarter.

Looking good for internal cash flow in the near future.

Cashman's is a lower ranking project area particularly when compared to the Company's Kunanalling, Broads Dam and Ora Banda tenements. The Company is considering options for Cashman's, such as joint venturing or sale, to deliver value to our shareholders.

Sell it!