Ann: Major Resource Upgrade at Aura Energy's Tiris Project, page-12

I will wait for AEE to do the maths on my behalf. The expectation is that the development will be financially attractive for any third party loan rather than a project that has to wait for the spot price to reach $65 and stay at $65 before considering development. I agree that moving to measured and indicated at about 30 million lbs will give greater confidence for development and the preference of 3 million lbs p.a. DFS will read well particularly if AISC can be down around the $20 mark

I expect that we all hope that any capital raise will be after any positive Sweden news, DFS and consequential bump in market cap. I'm confident that any raise would be spent wisely