comparisons and further questions, page-5

hi overtures,

i share your frustrations and concern particularly with our cash position. plv needs to do what ever it can to position the company in a strong position when it goes to the market for that needed capital (in whatever form tony chooses that to be). it is doing that with the drilling program and i note the latest JORC increase to 150Mt moves us closer to the magic 200Mt figure. but the other tangible activity that would de-risk this project and better sell the plv proposition is the signing of the native title agreements to mine. tony has said this is planned to be addressed by end of 2010 and if so this should be a firm commitment that is communicated to the wider market. i really hope the SP is not at today's current levels when we tap the markets for more capital - it would be very disheartening.


tricass