Q&A Session - India Update, page-17

1. Ect has been talking about the La Trobe valley plant, what are the rough costs of building a commercial coldry plant here? Is this going to be our focus now?

2. What have been the discussions with NLCIL in the last week knowing that NMDC will likely not proceed. Do they want to continue or are we just being strung along for another period of time? If so are they looking at a Matmor plant or proving Coldry at a commercial level? As someone else mentioned what sort of a timeframe are we looking at?

3. Are you able to tell us roughly how much money NMDC has spent through this process? How much money have NLC and ECT roughly spent on the India project?

4. How much money was raised with the 30% discount?