results geo morph survey exp, page-9

FDL only ever had enough funds ($5 mill) until mid June 08 or so.

A cap raising was always going to happen at some stage....sooner the better I feel.

Will also need some funds to split the company into iron/diamonds perhaps.

The options wont come to the coffers until Sept 08....yet the drilling starts in May/June.......the lag difference needs to be taken into consideration......best to get the funds now before running out half way through a drilling schedule.

Cap raising of $20 mill or so would be nice

MC about $160 mill at present....dilution would only be 10-12% at worst.

Then options....another $38 mill in Sept comes in

Should see them through and have enough change to start looking at infrastructure requirements etc when and if required.

Cheers