Ann: Updated Nugent Mineral Resources Estimate, page-26

I think I might see things a little differently from most other posters on this thread.

My simple goal is to make as much money as possible from my investment in HGO. I suspect most of us have a similar goal.

Where I think we might respectfully disagree is how our goal is achieved.

If my experience in dealing with lenders is any indication, I would not want to be negotiating a loan in the current environment if I was a copper producer. However, as I said in another post recently, I personally think the current environment is likely to change, to our benefit, in the foreseeable future. That will be the time to secure funding, on appropriate terms. Until then, I think it’s a case of taking one small step backwards for now, for two large steps forward ultimately.