and ask the asx, page-15

Westmoon,

FIRB approval is not required if value of entity is sub $100-110M Aust Dollars, so that won't be a problem.

Major concern for R&M is cash burn and who will pick up the tab if it is going to continue with current production & staff, can use cash on hand but thereafter R&M is indemnified by HNC if they want it to continue.

Long term consideration like Sulphides & Uranium are not material as if you discount them back gives you a small value at present and dwarfed by outsanding debts, nobody will be paying for blue sky in a work out.

Toll is a spent force, he has run out of ammo.