** huge capital raising?, page-9

Domun,

I think you have misunderstood me or alternatively I could better convey my opinion.

1. I have assumed the BFS will be positive.

Then we need to consider is:

1. Is that already fully priced into AIM because AIM is capitalised at $30 million AND will have to come up with millions of dollars to get the project underway.

Any money raised by equity issues, whether it be via placements and/or issues to shareholders will be reflected in a further increase in AIM's market capitalisation.

500 million shares will only raise about $25 - $30 million based on current prices, which on figures released appears to be nowhere near enough. It also doubles AIM's market capitalisation.