Ann: Quarterly Activities Report, page-8

If RAP is finalised and then we find out that there is yet another hoop to jump through that our management isn't prepared for, I think the masses will head for the door. We're currently updating the BFS to account for increased initial production of 60ktpa. One would assume that our CAPEX will increase. It will be interesting to see how the banks respond to us moving the goal posts and requiring additional CAPEX. I'm confident that Spinks & Co. wouldn't be pushing to increase production if they themselves weren't confident of getting the funding to get it off the ground.

There are a lot of unanswered questions. Hopefully most of these will be answered in the next 8-12 weeks.