appendix 3b, page-43

There willpossibly be some pressure on the sp for a little while, however when the FS is completed surely the sp will have to start reflecting the potential future value. The intersuisse report only takes into acount the tincom deal? Is a deal with china or india imminent? If this proves commercial, 50 cents should easily be achievable one would think, however this is still a way away and of course lots can happen in this time, other technologies, cap raisings. Management still have to prove themselves ie in the sp reflecting the potential of this company.