will it run today......., page-3

Good points B2. A few observations:

- management said capex would be around $30m but they have since secured a second hand plant

-they still have $3.8m in the bank

-Lion selection group is a 41% shareholder and has good access to funding

- the project is sufficiently robust, as is the current gold price, that i would fervently hope it will be 100% debt funded, backed with a suitable hedging program

I note your concerns but think on balance that it is the best gold exposure on the market, and one of the few gold stocks trading at a discount to npv for a near production asset

cheers