rights issue - 3 options, page-9

Can we just go through somevery simple analysis andtiming issues....

1. AM Capital have obviously seen something they like to underwrite an issue that was at more than 10% above the current market price.

2. The timing. Shares start trading ex rights, and rights start trading on 20th Nov. Rights trading ends 4th Dec. Acceptances close 11th Dec.

3. The AGM and mine tour is a good time to announce good news and show shareholders the works on the ground instead of selective photos.

I particularly notice we have not had any photos of the DSO and Native copper stockpiles. I believe them to be large, others think they hardly exist. What an opportunity to let the shareholders on site see the first road trains of these products drive out the gate as part of the first sales.

4. It is the believers that will purchase the rights between the 20th Nov and the AGM. The value of the rights (and shares)is likely to be vastly different after the AGM.

With a new JORC 'expected' any time as well (perhaps AGM), how come so many people don't seem to be able to grasp the comming/existing opportunity?