The only options I had were the ones I received from capital...

The only options I had were the ones I received from capital raises that I had taken part in. I don't like buying options on market as often they expire worthless which is what will happen here. Ultimately this is a small win, if you can call it that, for those who mainly hold heads. On a more positive note, if you read the December announcement about the DFL delay, it mentioned that if the Australian dollar silver price moves above $50 it brings a lot more silver into play that can be mined economically. For the past 4 to 6 weeks the AUD price has been above $50 and sometimes around $51.60. The DFS study was based on an AUD price of silver at $45 and according to AM Paris was economically profitable at $45. If they can cut costs which I believe they can by doing such things as moving more so from diesel power to solar and removing the additional cost that is paid in the outsourcing of mining then hopefully we may get a pleasant surprise when the DFS is finally released.

If AM can get a reasonable price for the work done with the Tungsten so far, I wouldn't mind him selling it off. Currently in AUD the Tungsten has an inground value of $635 million. Selling it for whatever was spent so far on it plus an additional $3 to $5 million would give us more money to help get Paris off the ground without potentially having to do another raise. I do believe if AM can show significant progress convincing the market Paris is well on track then perhaps we could do a capital raise without selling the Tungsten as that could well be in the future a nice little additional earner.