Ann: Change in substantial holding, page-40

That's why you want to be the one with the 20% holding with board representations... that gives you a significant advantage over anyone substantial who is not a holder. But my take is that this is such a valuable resource with substantial mineralisation and upside vs number of core base metals opportunities available for mid tier miners like SBM SFR etc who are looking to expand their cashflow base that this will turn in to a bidding war. It's not an if but a when and I don't think SBM will muck around but let's see and watch for a substantial holding notice or not from them.