Deduct the cash held by MUX and the consolidated cash position...

Deduct the cash held by MUX and the consolidated cash position is circa $25 million.

Consolidated cashflow was an outgoing of $26.2 million.

Substantial directors payments on a profit of how much?

Development acquisition costs for Baal Gammon/Einasleigh.

Cannot make money at 8% Zinc at Mt Garnet, so what is Admiral Bay worth at less than half this grade irrespective of economies of scale?

The much trumpeted Mungana gets $30 million in write offs.

If these guys so much as sneeze it is straight to intensive care! And these are not exactly hard times for commodity prices, geez....

Cheers, TAS