focus people very happy, page-9

ITS

In speaking to Focus they were quite clear that a week ago this placement was not on the agenda but it is an offer that has presented itself in that timeframe.

I suppose we will know in the fairly near term if this was a good or bad decision, but as far as the Focus management this offer presented itself over that last few days and they seem to think it was a good offer.

I have worked through what was told to me and in my opinion I beleive it is overall good, I do not like the further dilution but tht is the trade off.

We move forward the exploration works which is good and assuming we get good result will bring forward the resource upgrade and well and truly I hope take care of the (4%) dilution that we suffer no.

Don't forget the explation will turn around faily quickly and will have an effect on production next year I hope.