Ann: Execution of Key Property Purchase Agreement, page-9

Good post grunter.

Chris said to me last September that they will not be coming back to the market for money until both the MRE and Scoping Study are released. Things can change I know but that was the intention then, and so curve balls aside, thats what I expect to happen.

I totally agree with your other comments about timeframes and that a big CR isnt necessary, say 15-20M for drilling land acquisition and progress to FS. As you say if the MRE and Scoping Study surprises to the upside, which I expect too, then the CR will be done at much higher prices and so dilution will not be huge (maybe ~10%).