becoming a substantial holder, page-8

Granev I think you will find that much of the placement has been absorbed by the market (sentiment wise), now looking forward we have a debt free copper miner that will be producing 65,000 tonnes at cash costs around US$0.80 per pound. Very low cash costs, almost no debt, allows them to bring forward production opportunities for other mines.

One more thing I might add that just with GRAM and AMP that is 25% of issued shares taken out of the equation, so 732.5 million shares locked up and not on the market. A few more significant shareholders and we will start to see a decent amount of tradeable shares removed from the market.