I did a quick run of the numbers and dilution is very...

I did a quick run of the numbers and dilution is very reasonable. I especially liked the 50c option clause which protects shareholders from this short-term downturn in share price.

However, what is impressing me about this company is something which can't be defined by numbers - management momentum. Only two weeks have elapsed since the release of the Feasibility Study and we have an off-take/financing plan in progress (I am sure negotiations had been ongoing). Plus, equipment purchases are in progress or in advanced planning.

It is the actions of management putting a fire under the project which seperates successful miners from those that own a pile of pretty rocks.