A message to the directors, page-8

Croc, I think it's a case of "chicken and egg" here. The news that we need most is confirmation that the project financing is in place and my strong suspicion is that we need this capital raise for that to happen on favourable terms. Once it is in place, then further news about resource size and grades etc. will hopefully have more meaning and should add more value than if it was released now. Either way, the company has legal obligations in terms of releasing information when it is available and I wouldn't want them to slow down the project financing effort for that.