Hi folks,I may be making an obvious statement here, but surely...

Hi folks,

I may be making an obvious statement here, but surely the good news stories in this document are:

1. KRONOS deal moving forward apace, with a bigger and better site, with a dynamic Ops Mgr in John Downie (a guy who has a history of delivering projects); but

2.'Australian Zircon N L has informed Austpac that the company has engaged several consultants to assist in the preparation of a Bankable Feasibility Study (BFS) on the WIM150 heavy mineral sands project and that the following work was conducted during the period January – March 2012' Surely this is a big, fat hint that this piece of land is finally about to get shifted off the books, and become a nice cash injection to APG's ledger? Why dilute the SP if we get several million for WIM 150?

Keep the faith.