50/50 jv, page-3

Upon a cussory read, it looks like a great start. Subject to egm/firb approval Cockatoo is funded and a goer. Pluton will no longer be an explorer but a miner, thank God. For what Pluton paid to buy Cockatoo out, this is a great outcome. Remembering that the "main game" is still Irvine, any perceived further dilution on Cockatoo is largely irrelevant. Am expecting a positive response to sp tomorrow morning and further announcements wrt Irvine in the near term.