trading halt, page-2

Treass,hot of the mark, cheers.

The cap raising may be utilised to accelerate the 50kpta HL-SXEW originally slated to commence mid 2014 and continue till mid 2015.

It would make sense whilst you have a construction company mobilised and on the ground to keep going.

With the 50mio injection of advance funding from Gerald Metals, and say they raise another 50 mio from this capital raising, that would see free cashflow from anywhere from 50-80mio, depending on how much they dip into the advance funding to fund the current construction.

The unknown factors are the free cashflow they generate over the the next 12 months from existing mining operations and what discount if any they acheive by accelerating the 50kpta HL-SXEW, which they currently estimate at costing $125mio.

Interesting times. What are everyones thoughts?

Gltah