Ann: Change of Chief Financial Officer and Company Secretary Role, page-22

Its not me you need to prove anything too, its financiers, and they will only use jorc figures, current and historical iron ore prices and irr rates on return for that. Banks have strict policies to follow, if they don't, the regulator cracks down on them.

for razor back to go into production I see a large percentage of the plant needed to be funded by you, shareholders, with only a modest loan ever being approved by a bank. Otherwise the project will not go ahead.

drilling is very very important coming up. Good grades need to be found, and the jorc, redone to reflect the increased grade in certain areas of the deposit. That requires alot of money, I hope you have money ready for capraises. I'm sure there will be a capraise either before or after drilling