announcement re final draw down of , page-5

From talking to company my understanding is.

1. They had to draw down faciilty - they didn't need the cash - it was contractual.

2. They are continuing to ramp up production and will probably reach capacity in Feb.

3. There was a problem with the crusher - now fixed - slowed down ramp up in production slightly.

4. Interestingly they are being approached by other parties with defind resources in the DRC. Couple of South African people were in Perth to talk early this week. People are interested in their low cost approach to getting this project up and running.

Quarterly report should be out in about 10 days.

Rosco how did you come up with figure of PE of 1.5 and was it based on EBITDA or after?

I hold

Cheers
hots