watch out below, page-20

PivotalPoint ... let's get this right! From the announcement:

Skaergaard ... "The results of economic modelling carried out by SRK Consulting on both the Gold Zone (inferred NI 43-101 resource of approximately 107 Mt for 8 Million ounces pgm and gold) and the Palladium Zone (inferred NI 43-101 resource of approximately 106Mt for 7 Million ounces pgm and gold) demonstrate their combined robustness and mineability for the first time. At a postulated mining rate of 6Mtpa these two Zones show strong project economic(Table 2) and the Company has fast-tracked a Pre-Feasibility Study which will commence in July of this year."

Munni Munni ... "The Munni Munni pgm resource is located within the Ferguson Reef with a current JORC (inferred, indicated and measured) resource of 23.6 Mt (12.4 MT Measured, 9.8 MT Indicated, 1.4 MT Inferred) for 2 Million ounces pgm and gold. Unlike Skaergaard, the size of the Munni Munni resource is much smaller and potential underground mining capital and operating costs are presently too high to sustain long term development. However, drilling and two-dimensional seismic reflection surveys carried out over the past six months indicate excellent potential to increase the pgm resource and further activities will be focused on additional drilling prior to any potential development work at Munni Munni."

Rights Issue ... "To assist with the funding of Pre-Feasibility Studies at Skaergaard and for drilling funds to potentially increase the Munni Munni pgm resource (as well as for general pgm exploration worldwide), the Company has decided to raise an additional $3.5 Million by way of a Rights Issue to shareholders. Full details of the Issue will be available shortly."