quarterly, page-17

Ang that 2014 date has already been pushed back to 2015 in a more recent announcement by the company. And from past experience I cant see that deadline being met.

Now Ang without wanting to put a dampener on things lets look at your statement of $2.50 a share. Lets compare FMS to FMG just as an exercise knowing that FMG is well in advance in every aspect.

FMG have 3.1 billion shares on issue and have a market cap of 17.56 billion dollars.

FMS have 1.8 billion shares on issue and have a market cap of 373.4 million dollars. For FMS to be valued at $2.50 a share their market cap would be valued at 4.5 billion dollars which is $1.4 billion dollars more than FMG currently. In my view this is impossible to happen and don't forget FMS will need a heap more cap raisings as you cannot simply lend money against reserves any more you have to put up a substantial amount of cash first and then lend the rest. This would result in further dilution of shareholder value making it even more impossible to reach those $2.00 plus figures.

All I am trying to do here is put a realistic view on things, there's no point throwing $1.00, $2.00 or whatever out there when realistically its virtually impossible to achieve. These are my views only and please if anyone see holes in my calculations let me know.