Ann: Great White Bulk Sample Program in Progress, page-49

ADN has marketing rights to 100% of GW production so there is no need for more than one owner of IP/trademark. MEP will pay a small marketing fee. These arrangements are pretty standard agreements with a fee of around 3-5% I've been told (in the coal industry).

Best to just use $700t. Apparently the price is a bit higher for PRM than CRM but not by much.

The market is just not interested in the story ATM. The use in cosmetics would have moved the mkt 6-12 months ago as would have news on HPA.

Based on Wombat777's latest conservative earnings forecast buying at 14c seems good value with a pretty clear sight to granting of ML, construction & production. The downside, as has been pointed out in recent times, is likely cost escalation which will to lead to a lower set of numbers in the DFS and another CR. After the last CR James Marsh mentioned another CR post-DFS and now it might be a bit larger than previously planned.