confirmation of funding, page-33

Hi YC,

I know the Verte deal is going to be a massive one off (50%) dilution to create double the amount of shares, but also provide a massive cash injection to move from explorer to producer, and take any the major financing risk hurdle.

The reason for the buy bots is to lift the VWAP- as the cap raising will / should be at a substantial premium to the current price.

Indications stemming from the Intersuisse report suggest $0.40 + 25% = $0.50c cap raising.

Put simply- I'll take dilution to move to cash and profit generation, and also at the same time lower opex figure (rail spur) to maximise profits and payback any loans quicker.

The dilution will be more than offset by future profits, but mostly due to elimination of financing risk and imminent movement from exporer to producer / subsequent SP re-rating.

That leaves the only other hurdle as native agreement (should be close) and final sign off of mining plan - (one again should be close)

All looking very good for early 2011 in my books.