meeting with ms, page-160

Now wasn't it just 12 months ago (maybe even less) at an AGM (or EGM - can't remember which) that MS was saying we will eventually be a $6 company?? Then he said to others we would be a $3bil company with 1bil shares ($3 per share), now it is a $4bil company with 4.5bil shares (89c per share)? To reach $3 per share with that issue the market cap would need to be $13.5bil !!

Hi Max,

$6 was a long term potential figure - and is still possible long term.

Even with 5B shares on issue - if there is incentive to keep adding resources to the pot, the price can keep going up.

I don't really expect that to happen - however I realistically did not factor a $6 ramp into my view of potential either. I think that long term (5-10 years), if things work they are currently planning to that a $6 a share price is more likely than it was 8 months ago.

That much blue sky potential has never entered into any of my calculations however.