Ann: Project Updates-AUQ.AX, page-16

Unfortunately for Justin even us nearly 40 year olds live in a world now where we expect instant results....he is trying to land two mining licenses in countries that are 1000's of years old where things move very slowly... The saudi license could come at any time but due to no formal process its a lottery and Oman seems more structured but still slow. I can hold till next June and will do so and hope for a license. Justins salary again comes into question as they will have to come cap in hand by the middle of next year with funds being burned at around 100k a month and I wont be tipping in again thats for sure....