Mac, Just a few points to add. The $400k will be made up of...

Mac,

Just a few points to add. The $400k will be made up of $200k for exercise of option to acquire project and $200k not due until mining licence granted on other project.

The other thing is that as small cap mining investors we all know that capital raising's are something that should be accepted as the nature of the beast. Yes they will need to raise at a later date but at what price and to whom is more important.

I wouldnt mind betting that with a project of this quality relative to market cap, we dont see a heavy hitting cornerstone investor come out of the woodwork wanting to take a $1m worth at a premium.

This would have to be one of the cheapest projects going round at the moment. I also see gold as a good hedge against any market volatility we may endure.

Regards