Cash remaining $2.8 million. Trial mining will cease when the...

Cash remaining $2.8 million. Trial mining will cease when the 10,000 tonnes has been mined. No application for an extension of trial mining will be made. Darren seems to be fairly confident that the ML will be granted by the time that all geological mapping and understanding of the orebody and mine design are done. No CR is envisaged as the ANZ loan facility is there for any unexpected problems and could in actual fact be partly used to fund stage 2. Mining costs cannot be calculated from trial mining as the company selectively over the length of the known orebodys excavated on a small scale, which would not reflect the lesser cost of bulk mining. Helmenesh, Darren says to give him a call (08)94239777. I left him with a copy of your geological theory. There was an atmosphere at the meeting of quiet confidence without any hype. Thouroughly enjoyed it.