quarterly is out, whats your opinion, page-15

Nexus
The following is my assessment of Nexus's Cash Position and Funds available for the September Quarter:

Nexus
Projected Cash Position
..............................A$M..........A$M

Cash on Hand 30/06/09.....................53.3

Add: Source of Funds:

Longtom Finance Facility......160.0
Drawn Down....................114.0
Balance Available.........................46.0

Sale of 50% Longtom:
Sale Price....................155.0
Less Proceeds Received.........35.0
Balance to be Received....................120.0

Total Funds Available.....................219.3

Less Funds Required:
Complete Longtom................63.0
Sept Qtr Exploration.............1.4

Retirement of Project Debt......80.0

Total Committed Funds......................144.4

Uncommitted Funds...........................74.9

Funds for Administration need to be paid out of these uncommitted funds. A$5.3M was paid out for administration in the June quarter.

Comments are welcome on the above calculation.

Regards

SP