Ann: AMEC Convention Presentation, page-13

From memory the Cannon u/g contract signed is passed on to NST. I think they had 12 months to commence this project or the project reverts back to SAU and we keep the cash payment.

I expect that it will get going at some stage and this should provide a decent amount of income that will go towards developing Gubong and Kochang. I'm still surprised to see that SAU has not ridden given BMV have pretty much stated that in just over a year we are likely to have 2 SK mines generating income and Cannon in Australia.

Given that we hear nothing on the other Australian tenements i'm not ascribing them much value at the minute.