Ann: Company Activities Update, page-26

Thanks for sharing that. I've had my hopes on Gladstone as it keeps NAIF funding as an option. However, now that Rimas has let us know that there won't be "too much of a change" (his words from the interview) in the DFS from the PFS numbers and those numbers show excellent returns with very high margins and the lowest cost of production that I have seen, I don't think funding will be a concern and with these numbers, lenders won't need to take too long with their due diligence trying to work out if their is enough margin. I think the location decision will now more likely come down to which option offers the best incentives and lowest cost of feed stock and operating costs (distance to chemical supply etc.) and lower capital costs (existing infrastructure/pipelines, state govt incentives etc). It's good to be spoilt with choice.