Ann: Annual Report to shareholders , page-3

The signs are all there Oscar, the big JV partner negotiations with a big Chinese partner. How big is it and how much has been drilled I think will send a rumbling through the market. I think it will be a world class deposit with a few billion tonnes and scope to upgrade opps like this with a cashed up company, don't come along very often. As when you think about it with a partner, they will have enough cash for holders not to worry about dilution like others just to obtain a project. When I look at other small players who acquired in Mongolia jumped to a hundred plus mil and still needed to raise funds lrl is sitting very nicely along with being tightly held. On the release of acquiring a good project along with a JV we would see the sp double at least rewards for the patient.