Ann: Corporate Update - Whim Creek Project, page-4

So much for the “resistance” building at 4.9c. We are back up through 5c. I’ll need to work out just how much dilution we have from all the various options in issue, that might come into the money, but there seems to be scope to drift higher until we get some sort of conclusion to negotiations around June/July. At which point, it could fly towards the moon. Any thoughts on whether an all debt funding is possible, or whether they will sweeten it with equity participation? Certainly seems scope for it.