Ann: Ansteel MOU , page-4

I hope so Frank!

I'd prefer for all exploration activities for any type of minerals to occur once Karara is cash flow positive. We only have around $40 mil in GBG, and all of the JV cash tied up in KML, which is purely for Karara, and DSO construction. We have had enough dilution to last us a long time, wouldn't want to see another 50+ million shares issued for exploration.

Although it wouldn't surprise me if further dilution occurs for general Karara working capital towards the start up of production. Although I doubt it would need to be anything significant.