brr monday 11:30am don lewis, page-17

It makes me wonder how you can raise an extra 80-90 million with large institutional investors given the current economic climate and the risk involved with this operation without sharing/offering some pretty exclusive infomation.

While 80-90 mill isn't a massive amount of money in the scheme of things its still a pretty big punt. Given the would economic position its unlikely at this stage to see the institutions to start punting again for awhile. This makes me think that its quite possible that these new investors have a better understanding and insight into this project than ourselves.

I'm a firm believer in this project and hold a very long term view. While every operation and program is different if you want a timeline that will fairly accurately depict how long this may take to get up and running go back and look at FMG's time line from start to finish. Both operations are fairly similar in size for intial start-up mining. I think you will be reasurred about SDL'S direction.

I would appreciate any thoughts on the above..

Good luck to all!