Adriano - have a look at the purchase price of the mine.Now look...

Adriano - have a look at the purchase price of the mine.

Now look at the price the two companies you rightly point to as failed operators of the mine paid to acquire the project.

Then look at the capital spend by Navigator in particular to get the mine up to scratch.

Alot of the grunt work has been done by those before.

Metaliko have just squirreled the price down by near on 20%.

Rights issue at 3 cents.

Not bad IMO.