latest drill results., page-14

re: comparison a rather large issue?..... relative to what?

ext are capped at $106 million and if they want to raise $10.6 million to accelerate their exploration efforts they will dilute by 10%. notice there is no mention of shares on issue in this equation. reason is it doesnt matter coz whats relevant is the current market cap and the future market cap based on what value husab adds.

any cap raising will be nominal and only cover 12 months of accelerated exploration expenditure and by the time they come back to the market for development funding there is every chance that the market would value ext north of $500 million and a dilution would be minimal, perhaps 10-15% tops.

the burnakura divestment will fund a fair portion of exploration in 2007.

think market cap and not shares on issue.