As I had thought, just over $2,500,000 at end of November. After that, into cash conservation mode except that there was that private placement in December that will be spend quickly at Clan Lake, and perhaps as much as $1,000,000 on stuff related to the DAR...and a burn rate someone calculated at $150,000 per month was before the drastic reduction in operations. With the camp on care and maintenance, and no helicopter work moving drill rigs, no exploration to speak of other than the CLan Lake core cutting and assaying, I bet that they only need about $60,000 PER MONTH, or $750,000 to end 2009. In any case, more than enough to get through say another 18 months before it gets really tight.

One trend I notice is that spending is down from 2007, on everything, except for exploration, which in 2008 was considerable coming in $3,000,000 more than in 2007.

The picture I get is that they have achieved enough with exploration over recent years, and the emphasis has to be on adding shareholder value through evolving form exploration into a developing mine. The DAR related spending in 2009, and improved Investor Relations, trade show, and networking towards the ultimate financing requirments must be the plan now.

But the books appear to be in good order to me (for what it's worth!). NIce to see that all the warrants are gone now, and the average price of stock options is 40 cents.

We are all in this together, and DW will only make real money if a mine gets into production and he has his shares, his options, and his NSM royalties.

So I'm happy.

Next corporate stuff must be the AGM.

VOTE your shares, even if you proxy them. It all helps DW cary on.

SKELEG