Ann: Quarterly Activities Report , page-13

I am confident that you we will not see a capital raising to pay down debt, I believe the only way that could happen is if another aquisition occured. The December quarter result is pretty much in line with what I expected it to be ,particularly when you consider that the Australian dollar is high and Base Metal Prices are down I think Management have done a very good job, however now that the silver hedges are off and production will increase at Broken Hill I am expecting a much stronger result in 2013, obviously the strength of the result will depend on what happens with the base metal prices, my opinion only DYOR.