12,000TPA is obviously huge, but the market response may not be...

12,000TPA is obviously huge, but the market response may not be massive. It will not surprise the market, we already know it's coming, and while I have no doubt at all we will get funding, and we should be able to fund it in a reasonably comfortable way, there will be some questions about funding until we are given a clear outline of how much it will cost to develop and where that money will come from. Having said that, even with just our 2,000TPA operation we're very good value so the market may respond favourably, or for that matter, we'll probably be seeing the share price continue upwards before we get the 12,000TPA announcement.

The real wildcard which might excite the market above expectations is Tonopah.