to 0.06, page-2

At 7.2 cents you can almost guarantee there won't be a public capital raising.

2 reason's..

The first, they've let the SP slip on very low volume and they had an excellent chance to draw money out of new investors-post initial resource estimate when the stock traded between 9-13 cents.

Secondly, as the Managing director points out in the boardroom radio... when asked about the capital structure "Our major shareholders are very supportive of the company"

In other words,

They've got a heap of cash, they know what we're sitting on and dont what their holdings diluted.

Not one of the substantial holders sold down any of their stake during the GFC, instead they've continued to add more.

Its very encouraging.