Ann: Investor Presentation, page-23

a) Nickel: Long time to production. There is a lot of work to be done to work out how much is around that can be mined economically. This will determine the mine scale and life, return on investment etc.
Copper: High risk play. They are just putting holes under obvious pre known surface mineralisation and the possibility the targets are sizeable enough to mine is high risk. Also a lot of money,time and expenditure to get anywhere near feasability studies and production.
Zinc: A long way off and will play no part in the coming hyped Zinc supply shortage.
also
The market dislikes resources at the moment.
b) It is not a significant amount they are raising. Will keep the Nickel and copper drilling ticking along for a little while. I assume they are hoping for a good resource upgrade and better market conditions before a larger raising.
c) possibly, other reasons could be the nickel price and market sentiment.
d)Unsure.
e)Trade in selling will stop although selling for a quick profit may begin? I do think the results from the RC drilling they have told us the visuals for will be a little kick to the sp. Hard to pull a number out of the air though. 2.7/8?