Ann: ESR secures Strategic Investment to advance Timor-Leste, page-8

Yes you did miss something Bkkrider. He has the option to put money in at 2c or 20% discount to the vwap whatever is the HIGHER. So 2c is the floor. Mind you the Nickel is still there. There just is no point in drilling nickel at the moment as you would not be getting any value for your results. We are fortunate enough that Car Boyd does not cost us much to hold and our Nickel rights at Spargoville cost us nothing to hold. The Timor Leste project is highly prospective and after having some key manganese players up there last couple of weeks the company is very happy with the direction that we have taken. Have a look at the maps and you will realize that unlike the majority of other Manganese deposits (apart from Groote Eylandt) our logistics are extremely favorable. We are also a lot closer to the end users than a lot of the other areas that manganese is mined. And above all our grade is very good. Our exploration costs up there are also very favorable as compared to Australia. We are excited to start the drill rigs turning. Go Estrella.
Shame Elvis left the building.