That is incorrect. The details of the acquisition are listed in...

That is incorrect.

The details of the acquisition are listed in the announcement of 22/10/07.

There are two tranches that may need to be issued. The first tranche is upon reaching an exploration potential of 200mt@60%fe. That will be one billion shares (more if the potential is at certain levels above that listed target).

Then if the resource actually gets to jorc compliant status there is another tranche to be issued on similar terms.

The result if they got to a 200mt@60%fe defined resource would be 2 billion shares issued.

The most it could be is 4 billion shares but that is with a resource that is substantially higher than the target resource listed above.