what news are we expecting next, page-25

dual listing means the company is valued by the Australian market and the Canadian (read North American)market. The Canadian market will help put the spot light on the company and can increase the value of the company. BMN had an improvement in the valuation of their company during the 2007 boom with the dual listing. It is not a guarantee but it is promising.

Offtakes are the thing that MAK needs. Anything is possible and we are hoping to get a minimum of $70 mil AUD to fund the project. The $30mil for running operations subsequent to that could be from cap raise or an overdraft from a bank against offtakes (depending on the global financial situation).

It will just take time until the first agreements are signed and then the company is rerated. IMHO the worst position is for offtakes to only be for COD. The company would still have a buyer for produce and then would cap raise. With an offtake the MC would be higher than it is now because it is closer to production.

2nd point. TSX listing would req cap raise to provide stock for trading over there I believe.