Ann: Cabinda Phosphate Finance and Sales Update, page-825

"Show us the money"

MNB has a completed DFS on a high grade, near surface, open pit, free digging, Jorc resource with a very low capex requirement to mine and process. It has raised the cash to purchase the major plant components. Those plant components were paid for with cash, are manufactured and on site ready for assembly. They have also successfully funded and largely completed civil construction. They have two well advanced loans that will more than cover the balance of the capex requirement to complete construction. Both loans are at the very last stages ahead of the loan agreements being signed and the sp has begun to rally to start to reflect that.

So with respect to show us the money, around half has already been shown to you but you choose to downplay or completely ignore it and the rest, by way of these two loans, you will see shortly and you will probably again choose to ignore or downplay it - so what's the point of showing you anything?