Ann: Quarterly Activities Report, page-30

ptlas.
The company estimates about 180 ml $ in Tailings ,,,,,,Mitsubishi has agreed to buy.
They also indicated to the Company they would like a deal when Mining Commences.
SEI are seeking a Deal that prepaid funds will be available ,this would Negate any need for a CR.
The owners have agreed to extend the dead line in order for this to happen, I suspect the previous owners and SEI along with our potential off take partner are also working out what percentage of royalties would be paid to previous owners as an off set to purchase price.
Whilst the Bank Balance may seem low at $600k ,
Most of the last cap raise was used as deposit for purchase assuming it was 10% at $1.2 ml would give us a purchase price of $12 ml not a very expensive deal in my opinion.
So hopefully we may hear news very soon on the deal going through as well a binding off take.