16.5c!, page-5

watching market reaction to world events and the correction in the market had me thinking of the most likely path CRC will take should there be nothing but good news to release.

With the NSW elections a few weeks away it can be assumed that the mining license should be granted thereafter.

Markets should resume an upward trend soon as there is no direct indication that QE in the US will continue. That being the case perhaps we can look at near three good months to make favourable announcements to the market.

That said one such ann could be a CR. You get a better response with a CR in a good market than otherwise.

The market could easily factor in a CR but if funding and the options adequately cover all the development the market could act very, very positively to that.