Ann: Santa Cruz Gold Projects Update, page-39

Just a quick fact check. Actually the total remaining last quarter was 2.98 mil with predicted spend $750k. So end of quarter should see around 2.25mil left in the kitty. That is assuming that the $500k exploration was spent. We have been awaiting drill permits so not sure they would spend this on rock chip samples. Anyway, point taken. There will have to be a CR at some stage (most likely from sophs) which could dilute us up to 15% again. I guess we wait for news.