Right. 14 mio now (end of nov 2012), another 4 mio depending on production results (production start is scheduled for 2014)

As of october 31. we got about 22 mio cash on hand. Considering a cash burn rate of 4,5 mio/3 month, there should be about 18 mio cash on hand left till this day.

To sum it about. We got 18+14=32 mio cash on hand as today.

Paschi