Ann: Pilgangoora Roadshow Presentation, page-25

Interesting how the responses go from different people, when the correct response should always be along these lines.....

Richard, I don't think you have a full understanding of the situation here. Despite $4m being spent this quarter out og the $12m cash we had at the wend of December, nearly an equal amount of cash has come into the company from the conversion of both notes and options. Looking at the last 3b announcement shows that there are still quite a number to convert so cash will not be an issue until the major funding is needed to build the plant.
We would be expecting a major funding and offtake deal to eventuate before then to the benefit of all shareholders.