perspective, page-40

ok, spoke to Mr Finch again

important takes

1. BRR will be insightful. And it's on the record :)
2. Licence approvals are ready to be submitted. Just need to sign off in director's meeting. Expect that any day.
3. approvals process isnt an easy timeframe to quote. 5-6mths should be ample, so there is hope that we get approvals quicker.
4. we were delayed a month by council red tape in Nov. Last minute changes to stat. requirements - any wonder we were waiting for DFS until now!
5. there is considerable scope for some costs to be reduced prior to production - couldnt give details (even though i tried my luck) but will see them in writing once agreed upon. Watch this space.
6. DSO resource drilling to extend reserves is likely in the short-term.
7. Working capital differential of 6-7mill (btw C.R. and Total CAPEX + W.C.) is not going to be funded yet - it will be a decision much closer to mining. there is scope to fund this either via debt or equity. All depends on market conditions (share price i'd say)
8. I reiterated that the market needs to know when and if there are any delays from here on. Ian acknowledged this and will do so where it is able to be done without detrimental impacts on the company with the relivant bodies.

Anyway, the conversion was productive, and I urge anyone else that feels they need to clarify issues to call him. Apparently he only gets the chance to check emails every few days, so calling is the best method.

hope this helps,
Split