Ann: Placement to Raise $10 Million , page-25

I think it's better to raise $10mil and get it over with then keep raising little by little, and constantly running out of cash for drilling and other things. At least now, the way forward is clear. They've got the money. Get on with the work. The potential is still huge. For example SBM has cash costs of appr A$900 per oz, FML A$600 per oz. EXM says they can get it out for A$300 per oz. That will make them probably one of the most profitable producers on the block. At little bit opf pain now for the longer term gain.