12mt jorc, page-4

Snagger,

I didn't miss it - I just thought that maybe I don't understand it properly. And trust me, that is something I've done before with Pluton announcements ;)

Anyway, I saw it as saying that Pluton, a company presently with a Market Cap of about $42m, has just "bought" a 50% share in an established revenue stream. That revenue stream is probably worth something in the order of $300m (risked). To finalise the deal, we need WEG to help us fund the enviro bond (approximately $20m) and maybe a few other costs, but in essence we are stepping into an operating mine.

As I say, I've fallen into the trap of not understanding these things in the past so I'm happy to hear alternative views.

Cheers

Badfish