Much appreciated Wack - really looking forward to hearing your...

Much appreciated Wack - really looking forward to hearing your associate's views too... if I hadn't had to go to Brisbane for work early this week I'd have tried to join on site today, but I'm very thankful for you sharing. Either way, I still intend to visit and get my own f2f / on-site experience.

A few thoughts from me:

• $7m to get to production commencement - sounds like a fair sum.
• And with $2.6m end of June and $3.8m last month they'll likely have $4-5m left to put towards that required sum
• In addition, options are scraping around being in the money now, so I'd anticipate a bumper to the kitty as long as this pattern continues, as I believe it will.
• The drill purchase will obviously put a dent in funds available, but from the drill come cores, and from cores come results and hopefully growth in market cap, and therefore any CR would be at a better price
• They have USD $10m debt facility to specifically fund the start up. 11% annual interest and a $100k fee. Let's see which option they end up taking
• The rig - great to have one on the balance sheet, and about to become very active