just a gut feeling noellyn,Refer back to page 24 of their...

just a gut feeling noellyn,

Refer back to page 24 of their announcement dated 08/11/2007.

It details the use of funds over the next 12 months and in summary it starts with $39M, lists the investments and has a closing balance of $6M with three asterisks.

Those asterisks tell you that the $6m does not include overhead expenses of $2M so by my calculation that leaves $4M in the bank.

They go on to say that the $4M is plus sales revenue which we all know isn't that much.

But wait, since this report was released we have gone and spent some $3.5M on buying land in Canada.

See what I mean, now we have roughly $500K left by the end of the 12 month period with next years overheads of another $2M to come out. It is all there for your own reading so make up your own minds.

My GFI tells me a placement is coming and I do hope I'm wrong.

cheers
kse3137