Ann: Appendix 3B, page-9

Summed it up perfectly q-bags. Company needs a small amount of capital ($30-50m?) as well-flagged and every man and his dog knows, to transition into a rapidly expanding producer of $300m-$1+bn market cap, as every early stage miner ever did. It's never been any different. We just have to put up with the fruitcakes and craziness on the way through, it's the burden of an early investor. The only people living large on the normal capital requirements are some bankers trying to meet there profit targets (leaning on their brokers) and nut-bags.