Ann: Quarterly Activities Report & Appendix 5B, page-10

my quick read

existing 1361 fp + 812m ops

so thats 550m fp + 550m ops for qld tenements
and 737m fp + 737m ops for Nelly .

(1287m fp + 1287m ops for acquasitions)

for post acq 2648m fp + 2100 ops

At .005c = 13m mc

While at 2c = 53m mc (option threshold)
and then if ops converted = 95m fd, with 42m cash from ops conversion.
(= 53m EV ignoring any cash at present)

So thats a better look at the options, if we can get to 50m mc or so,

has the benefit of a lot of cash raised.