Number of shares outstanding   = 28,800,001
Fully Diluted shares*          = 43,360,001
Cash on hand (approx)          = $550,000 
Fully-diluted Cash (approx)    = $3.85 million
* Warrants                     = 3,400,000 @ $0.20 = $   680,000
  Warrants                     = 5,000,000 @ $0.25 = $ 1,250,000
  Warrants                     = 1,000,000 @ $0.35 = $   350,000
  Agent Warrants               = 1,000,000 @ $0.20 = $   200,000
  Agent Warrants               =   780,000 @ $0.25 = $   195,000
  Agent Warrants               =    40,000 @ $0.35 = $    14,000
  Stock Options                = 1,635,000 @ $0.20 = $   327,000
  Stock Options                = 1,130,000 @ $0.25 = $   282,500
  FOREMORE Option              =   100,000
  SEAGOLD Option               =   175,000
  MAX Option                   =   300,000