Ann: Appendix 3B, page-37

Don't get me wrong BK …. At this point in time, I don't think a cap raise is a bad thing given where we are positioned. (Raise the cash; Set up the necessary equipment etc to get production up and running and generate early cashflow …. money well spent and will reward loyal 'early investors')

Normally specs asking for cash means 3-6 months of going nowhere, but if they announce Phil C and his mates are happy to stump up another 2-4 mill at around .01-011 and offer it to the rest of us punters, I'll be stepping up for a few more even though I already have plenty.

Today's grades etc are pretty impressive at face value … 20-40% TREO ! and near surface thank you very much!! If this turns out to be an example of what we find once we get into the main resource areas, I'm pretty sure we won't be sitting on a 20 odd mill MC for too long.

The Stock is still a Buy/Accumulate and Hold for me, but I'm looking a couple/few years down the track and not everyone can afford to look that far ahead.

As an example, I was talking to a friend recently who bought FMG shares early on and now receives a dividend every FY of around 30% of his initial investment. Not saying VML will achieve that level of % return, but this is early days so its not totally out of the question.