As at June 30, 2011, the Company had A$10,723,000 in cash.

We plan to continue our exploration program throughout the remainder of 2011 and anticipate spending A$4.6 million on development and exploration and A$7.0 million on administrative costs.

($7 MILLION ON ADMINISTRATIVE COSTS!!!! You have got to be kidding me!!! How many people are on the payroll????? Spending more on administrative costs than exploration????)

There are obviously way too many people making way too much money over at Legend.

The Company has historically funded its activities from funds provided by capital raising through the issuance of its shares and from advances from affiliated entities. The Company has in place a planning and budgeting process to help determine the funds required to support the Company's operating requirements and its exploration and pre-development plans. Based on this process and the amount of the Company's cash and other current assets, management believes that the Company has sufficient operating liquidity to sustain its activities through 2011. However, as the Company has not yet generated income producing activities, it will continue to seek opportunities to raise additional funds from capital raising efforts through the issuance of its shares, funding from affiliated entities as may be available and other financing arrangements until which time as the Company can commence revenue producing activities.