posing a few questions re. abm, page-8

Chuk

"Sorry, I can't remember where I read or heard the ML was anticipated by around the end of trial mining but it was public. Perhaps someone else remembers."

No problem. I hope someone else chimes in regarding this as end of trial mining versus end of calendar year can have some very big differences with regards to cash flow.

**If** it is December/ish than by the time stage 2 sales are booked there may be very little cash without a raising of some sort. Conversely, if you are correct and it is within the next couple of months than there should be no issue.

Like I said, I can only go by the CFO statement this morning ("hoping by end of calander year")which is why I raised the question to begin with.

I like what I am seeing here and I'm looking to take a personal position, however I want to be clear about **possible** CR before I purchase (for obvious reasons).

"I see no reason why that would take more than 1 year -if that.

"Bit confused here as I didn't mention any cash flow estimates in relation to stage 3."

I realise that but you assumed stage 2 continues for 3 years and I was just pointing out my assumption is an earlier move to stage 3 therefore giving different cash flow estimate. "

Ok, point taken here. You are making some logical assumptions which I cannot argue either way so time will tell in that respect.

As I see it regardless of the timing. Once they get into stage 2 then the future should be bright assuming no unforseen issues.

It's simply a question of available funds between end of trial mining and stage 2 commencement.