Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

I do not think they would do a raise at 2c they would have to do some sort of discount since the share price is 1.7c, maybe more like 1.5c raise. On the other hand if we have started making revenue and producing then they could procced to do a cap raise at 2c In anticipation of profits and a safer investment, I believe we are undervalued at the moment and it depends on what the sophisticated investors are willing to pay in a tight market.

I was looking over the freehill website the other day and the and under the summary of mineral resource you can find the Conceptual Exploration Target Parameters of estimated tonnage of ore for all 7 YB structures and that is 37mt to 50.9mt if you go off the low number of 37mt and times that by $100 per tonne you are looking at 3.7 billion dollars worth in ground for the small market cap of 30 million.

In saying all that many years ago when we had been around 1c to 1.5c we did a capital raise to fund drilling and that was at a higher share price and that made the stock jump since it was higher thanks to gavin ross, i think it was around 2.2c but could be incorrect since it was a while ago.
Samual duddy did just purchase more shares at 2c so he is most likely anticipating the share price to not drop to much further, I would be ok and happy with a cap raise between 1.5c and 2c if it was used for pushing production into action.