ouch - fin rev – unlikely fmg will exercise iv, page-7

By the way, if you want to feel a little bit sick in the stomach, check out the Min Res website or their recent activity statements to see what is happening at Phil's Creek, Lamb Creek and Wedge. Even Yandicoogina looks like possibly being mined.

Phil's Creek in particular is very advanced and they didn't even get hold of the tenement until April if memory serves... It just goes to show how quickly projects can go from minining licence to production when the will is there.

I find it incredibly ironic that we've done royalty deals on the other tenements, but with Min Res we did a straight up cash purchase and they are the ones going into production within 12 months of getting the land...