Ann: Updates to DFS Provide Improved Results for WBP, page-117

Strong buy at 1.9 cents. To clear out that level.

I think they will announce the IDC due diligence is done first that will drive price up and your cap raising higher anyway.

My prediction is the majority of the funding will come from debt or some sort of hedging arrangement on the gold price.

Therefore the only ones with their snouts in the trough will be the sophisticated investors who have backed the company Skell etcetera. So a little cap raising for those who helped along the way $1-3m max. Rest IDC and gold hedging arrangement or similar in my opinion o r course.

The other thing is a standby debt arrangement doesn't mean they've drawn down that cash.

For example if the IDC funding is at 3% interest rate of course you would use all that up first. As your running along and start producing it may be that the peak funding requirement of $43m USD or whatever it is can be funded out of revenue.

Anyway that was a strong buy. The quarterly is past a month ago so we are a month into Q3 don't forget.