Ann: December 2014 Quarterly Report, page-18

Rob, thanks for the cashflow spreadsheet(s) - much appreciate it.

I was going to ask you about the impact of exploration expenditure that gets capitalised to the balance sheet, along with questions about accumulated losses, but I don't want to introduce negative sentiment when really I don't have any!

I have magnanimously bumped SP up a couple of points last week - actually for less than the cancelled order, so hurray for orderly market. Gives it a higher base for the after 4ers to knock down.

Hopefully an interesting week ahead and waiting for a positive catalyst for realignment of the market cap.