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Re: None

Wednesday, 04/13/2011 7:34:48 PM

Wednesday, April 13, 2011 7:34:48 PM

Post# of 51618
Comparing Q1 & Q2 operating costs:

Equipment Rental $40,000 -> $140,000
Export Tax $160,000 -> $216,000
Fuel $158,000 -> $258,000
Labor $150,000 -> $ 257,000
Legal $4,000 -> $14,000
Shipping $100,000 -> $150,000
Travel $25,000 -> $125,000

Lots of progress in Q2 as compared to Q1. More mining activity, more shipping and exporting. The additional legal fee is probably for closing of refinery deal. Extra traveling is probably for Dror to shop for refinery and buyer.

As I said before, I am lead to believe the inventory already shipped out of Madagascar and Ghana. Something is cooking.