Sargeant,I think it shows the merits of the project and the...

Sargeant,

I think it shows the merits of the project and the experience of the directors to get a LOAN from Mitsubishi at $0.12 to $0.125. per share.

Lets hope this sets a benchmark for any future equity capital raising.

Considering our concrete 80% Stockpile (Say 5 Years) and 50% open pit off take agreement with Mitsubishi we have the sales part debt justification covered.

Maybe we now need a Turnkey contract with an experienced plant and equipment supplier to secure the debt financing.

Clearly we have the well-respected Mitsubishi as the cornerstone to the project and the Board should be complemented for building this relationship.

Please DYOR.