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This slide shows a summary of our cash flow for 2007. Wallbridge started the year with $3 million in cash. During the year, Wallbridge received $7.5 million from two private placements, $6.5 million being the private placement with Lonmin Plc in June of 2007. The balance of the financing was completed in late December for approximately $1 million of flow through units. Of the $6.1 million of exploration expenditures in 2007, $2.6 million was funded by our Joint Venture Partners for net exploration expenditures by Wallbridge of $3.5 million. The loss for the year was $4.5 million and non-cash items for the year were $2.9 million. Therefore, net cash general and administrative expenditures were $1.6 million. This left Wallbridge in a strong cash position at the end of the year with $5.4 million of cash.

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