cold hard facts, page-8

Foz. First, the $30 million is to be spent on one project, Lydia, by Stanwell, to fill an existing GSA worth $500 mill to ICN.

Second.Icon have far more irons in the fire than Lydia and will need every cent they can get to carry out those projects.

Thirdly. Getting 3, not one, new Chinese investors on the books, is an asset for RJ in negotiating with the Chinese, who love to see Chinese equity in companies in which they are being asked to invest.

Fourth. It gives a positive light on ICN (one which we have not had all year) to other potential investors to see that RJ has been able to unlock Chinese money and get them onto our share register.

Investor analysts, such as Stoxline, have, just on that ann, upgraded ICN to a buy, something that none of us expected to see unless a positive outcome come from the GSA.

Fifth, it gives us POSITIVE news releases in the media, again, something we very badly need if we want our SP to start improving.

Hope you all saw what has happened to ADE (10% in 218 and 20% in 855) just from the initial report on the completion of drilling 218, they have gone from .064 to .11 since last Friday.

And as for labeling them with words such as "short term", I don't think 15 and 20 year deals are very "short term." But, you have to get your short term house in order before you can satisfy long term objectives.

And Foz, I suggest that before you come in criticising with un-researched gunk, that you might first actually buy some shares in the company that you are criticising and then actually do some research. You might be pleasantly surprised. THE PROOF WILL BE IN THE SHARE PRICE!!