5c, page-37

Coppertop137,

You are right about the perception. The perception is based on interpretation of what we are told or not told.
The last 12 months has been all about what might happen and not about what has happened. I say that in general terms. We have made some progress.

Forecasting by nature commands interpretation. The turn around that AVB needs is the announcement of what has happened i.e.

- the infill drilling is now complete
- the updated JORC is as attached
- the deal with BlackRock was signed on this date
- the deal with the Bank was signed on this date
- this part of the plant was ordered on this date
- regional drilling commenced on this date
- mine construction started on this date

All the above are expected in 2014 and then the perception will be that AVB are building a mine. Why? Because these events actually happened.

My perception is that BlackRock are going to "assist" AVB to make it happen.