Wengfu,

Do you have inside information that you'd like to share?

Assets (current) as of end of Q3 2010 was $41.2 M. Total assets including equipment, property, investments, and other nontangibles (mining rights, etc), at end of Q3 2010 was $86.5M.

The company had about $33M additional total assets 4 quarters ago (in Q3 2009). So they've been averaging about $30M - $40M expenses per 3 quarters (~ $45M per year, my extrapolation).

The company has virtually no debt. This, along with a very strong percentage of high profile and long term fund ownership, is the main reason I bought into LGDI. Because they have no debt, unlike other miners, they have the ability to start leveraging, once they start to run out of cash. Or they can use equity funding. The point is there is no danger or not having enough cash to continue. Soros or Attara could also easily give the company financing.

Also, note that my biggest fear with microcaps...yes dilution! has been avoided, most likely due to the very large hedge fund stakes.

Number of shares in beginning 2009 = 226,399,674

Number of shares in beginning Q3 2010 = 226,399,674

However, this is still the key concern going forward....are they going to provide debt or equity funding. This is what I'm worried about.

Losses in Q3 2010:

legal/accounting/proffessional - $244,000

exploration - $5.6M

admin - $2.2M

loss from currency (AU vs USD) = almost $1M ! Note that since then the USD fell like a rock so we will have a big reversal here.

The other losses were for 3 quarters so not sure.

Please provide a link to the "vehicle lease" spending last quarter. In the last release, it lists $92K spent on vehicle leases for the full year.