ta improves with up day on down asx day, page-16

thanks for your thoughts happydays2.
-----------------

Simple Cash Flow Projection from past 3 quarters:

3rd Quarter 2010:
Net Operating $318,000

4th Quarter 2010:
Net Operating $262,000

1st Quarter 2011
Only $274,000 operating outflow for quarter

Shame about no projected outflow for exploration for next quarter.

1,675,000 left in the kitty.
Should should be more than enough for the up and coming drilling.

So my projection for out flow this Quarter:
2nd Quarter 2011:
Net Operating $300,000

So that leaves about 2-3 quarters left for outflow of 300grand.

I would say funding needed around 3rd quarter 2011. Now this depends on what they find with the soon to be announced drilling. May need money before then to ramp up drilling during the dry period. Lots of drill rig idle due to wet in QLD and elswhere.