10Q released -As of March 31, 2011, the Company had A$18,362,000 in cash

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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bigphos

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10Q released -As of March 31, 2011, the Company had A$18,362,000 in cash

posted on May 06, 2011 11:40AM

$18 Million in cash as of March 31,2011

We plan to continue our exploration program throughout the remainder of 2011 and anticipate spending A$4.6 million on development and exploration and A$8.4 million on administrative costs.

Planning to spend $13 Million by the end of the year leaving just $5 million at year end.

Something better happen SOON. Clock is ticking. ......

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