Ann: MAIDEN SOUTHERN TENEMENT INDICATED MINERAL RESOURCE, page-13

20 years mine life is significant. A lot of instos don't believe you have a "Tier 1" asset until you have >20 years mine life. TMT getting this resource out will really cement the company in the tier 1 position. It means a lot to a steel mill, to be able to MOU up or do a offtake, and commodity prices pending, see 20 year supply of a raw material ahead of it. Financiers, also, like long dated debt, and long dated debt is cheaper than short-dated debt. So good work from TMT on getting this out. Now we just need 60% offtake MOU or binding offtakes, and this will be away.