Ann: Feasibility Study Update, page-6

the way i read it - is it reduces the risk on getting a mining license for the whole area initially

all that is needed is changing the current under ground mining license in MR83 from underground to open cut [ which shouldnt be too hard - certainly compared to getting a new mining license ]

also the results seem pretty good to be coming out of Columbia hill - and they are drilling more there this month [ currently ]

when doing the mining plan for a DFS they need to say when what bits will be mined - so they are planning the best amount of quick $ in to payback the finance... the quicker that is the less risk and better rates - better LVR etc can be negotiated

just my thoughts....