Ann: AIG Victorian Minerals Round Up Presentation, page-10

1. We live and die by the DD at Bethanga, not enough capital to progress further than that in near-medium terms. One roll of the dice at the "right rocks".
2. Re "mega-peg", see above. What good is a 15000sq km target area if you don't have the capital to 1) narrow it down to specific drill targets, and 2) actually drill said mythical TBA targets

When the cap raise does come, the ghosts of $19m at 46c will scare off any remote interest. All in all, dilution at sub 10c, probably sub 5c, will hurt like cactus up the backside....