option a or option b, page-6

Hi Recyug,

Just a quick comment on your $30m capital raising.

It's too low, my Plan B figures indicate that a minimum of $40m is going to be required to fund scheduled development, plant upgrades and a small amount of exploration in the March quarter of 2013.

There is of course the offset from how much cash we end up with in the bank at the end of the December 2012 quarter, however you cannot estimate that until such time as the December quarter budget is stated.

We could probably argue the toss on how much needs to be raised, however we are both saying they need to raise some money if Plan B is to stand a reasonable chance.

cheers, kentwang