Just thinking aloud, I wonder whether we will see any further...

Just thinking aloud, I wonder whether we will see any further annoucements regarding Mayoko's drilling program before the quarterly or it will just all be included in that. You would think that we would have to be getting towards the required drilling level to start putting together that maiden JORC. There was also more metallurgical test work to come as well. It's only a few weeks before the quarterly needs to be released so not a long wait for an update on Mayoko either way. I always like reading the cash flows from the quarterly as well to see what our cash burn is like.

I think what's occuring with SDL at the moment just goes to show how valuable it is that EQX already has a railway and port in place. Management's presentations highlighting the current African IO producers as being those close to existing infrastructure are very poignant observations. SDL is having all sorts of trouble at the minute, and it's all due to the fact their CAPEX is so large.

Sure we may have to share the infrastructure with Exxaro, but at least it's there to start with and will reduce the CAPEX required drastically. From those start up operations we can expand using our own cash flow and not have to look for other forms of finance if that finance is not in our best interests. We aren't foreced to be looking for partners, diluting the projects or the company etc, if it's not in our best interests, and that's a great card to be holding.