Ann: Investor Presentation, page-6

Giovanni, Capex is THE biggest issue that this company faces in the race to production. If they solve this I would have greater comfort with the project. It's really my last big lingering question - but it is a vital question.

As long as I have been following them they have always said that capex would be at the lower end. However the announcement they put out about 18 months ago I think surprised investors with the capex requirement.

Chris Gilchrist was removed as CEO in May last year. This has since coincided with a period of inactivity/no real significant news for the company.

Personally, I think the management are going to be judged over the next 6 months with some of the timelines expected to be met.

I still think this is a great project....BUT ONLY if they have a plan to find the money to fund it (probably the same problem many businesses face)