Ann: Shareholder presentation - July 2020, page-5

6 Million should be enough for our campaigns for this year, at least the two elephant hunts at Yerrida and Pernatty, and I'm not sure if we are goign back to Blackflag or Mallina or elsewhere after that.

What will be interesting actually is DEG's cash position. How much cash would they need to get to the point of being either taken over or into some production? I think they have heaps for now (30+ mill?). The tricky bit is if they need to raise heaps later, and then we will need to raise a fair whack to stay at 16%. The two companies are peas in a pod though and found a way to do it last time in part via share swaps.

There will be a plan, I'm not worried.