I'm taking up FULL entitlementsAt 1c it's a great and...

I'm taking up FULL entitlements

At 1c it's a great and inexpensive opportunity to average down IMO

The asset is there, it's worth around $130 per tonne and we have and indicated resource of around 46Mill tonnes and growing

For what it is worth I believe winmar will be taken over at prices at multiples of where it is now. That's why I'm averaging down at 1c

Averaging down at 1c for me cuts my losses by half at least which is great for me.

I'm banking on a take over offer sometime soon, these prices are crazy with where our high grade DSO deposits sits, smack bang in between two giants FMG and RIO

Just my thoughts and not advice