General Discussion Topics, page-27214

Interesting that LRC quotes a US$3 million 2 % royalty for Tansim and not the earlier US$2 million. That would then underscore a ' Future ' revenue valuation of Tansim at more like $A 200 million and a JORC equivalent resource of around 15 MT in rough calculations based around US$10 per JORC tonne of resources. Interesting then also that after POST Moblan acquisition , we would have circa A$36.5 - $38 million COH.

Without seeing the September Quarterlies , I had a September COH figure of anywhere from just over $20 million to upwards of the same figure as the closing balance at June 30......so at $24 million COH we're thereabouts somewheres in between which is good to see.