Not an accountant but:

1. Current assets up

2. Current liabilties down

3. The reason declaring commercial production is so important is revenue is not claimed as income rather it offsets commercial costs for the asset. Once commercial production is declared, income line item appears per accounting procedures.

4. Disposition of McFaulds is noted which affects statement.

5. 30 some pages of standard fare, but cash is up, revenue is there (even more since June year end), assets up, cash being used to reduce liabilties, all is fine.

No market reaction expected either way Monday.

Best regards,