Ann: Quarterly Activities Report and Appendix 5B , page-4

re: Ann: Quarterly Activities Report and Appe... They run this company on the smell of an oily rag.

CIFI is so important, and the language is looking very positive to achieving it.

Looks like a bit more care was taken with writing this report. Nice to see some new wording, and not out-of-date copy and paste.

This has been a busy reporting month for the boys,
considering they are doing Red Gum Resources as well.

I don't know how they sleep with the stress.

We deserve a win on this company, something for Christmas.

```

If we want to claim the full amount of $3m Socius Funding the last day to apply for the second instalment would be 16 Nov 2012 with the final $1m falling on the close date of 14 Feb 2013.

The AGS facility might be better value. But I'm sure Torey doesn't want to use either, and cetainly not at this SP.

I'm not sure, but can we run the company from the CIFI funding, especially considering Copahue stage is our core project? Basically, if CIFI is secured, is another CR still necessary?