Ann: Underwritten $22M Capital Raising, page-404

1. Sumitomo JV at Egina going to be interesting.
2. A rising GP has only just began. Its worth remembering the last gold bull run lasted a decade so those fearing we will miss the boat might want to reconsider.
3. A significant difference this time around is our weakening $. The last peak we were trading @$1.10 approx. This time its likely to be $0.60c
We could see a GP well over A$3000 oz.
4. Gold in 19,000oz leach pad has increased in value by $11.4m since Indee purchase. Likely to be worth $50m in the near term
5. Gold producers are going to be seriously cashed up in the near term and the doors for JV will open up. Just need to be big and attractive enough.
6. 7 new sites similar to Toweranna all bigger in size
7. Drilling funded for the next 12 months

-1. 1 billion shares.