Ann: Granted Greenvale Mining Lease, page-56

To state the obvious the only thing that will do anything significant for the SP will be an announcement of a collaborative partnership which will give a degree of certainty that the project will proceed and the level of increase will very much depend on the quality of the partnership in terms of commitment from the counterparty presumably at this stage LGE.

Looking back the SKI announcement rocketed the SP but the LGE announcement which arguably was stronger (in terms of only requiring funding) except it did not have the small proposed capital injection did very little for the SP comparatively to the SP rise following SKI's announcement.

We have a very different market and world economy now compared to that when the SKI announcement was made and for that matter even when the original LGE announcement was made.

I would like to think that a strong announcement if it had LGE as the counterparty might get AUZ into the high teens but I have no real basis for this.