the need to raise capital, page-3

They are burning heavily at the moment as they have two scoping/ pre-feasability studies going. They were cashed up with some A$13 mn in March 08, and said they were OK till Xmas.

Had dinner with Dudlet at that time...they are sitting on a poultice of Moly and Rhenium at Kalman...worth staying with these guys...for the Rhenium they've got a guy on their Board from Roll-Royce...Rhenium critical to the next generation of jet engines...