I emailed Richard regarding the 35 mil working capital and the contingency funds situation. Below are the questions and replies:

Hi Richard,

Hope all is well with you. I have a question regarding financing. I did not attend the investors meeting but someone who did mentioned that Farhad said that the lenders require contingency funds and cost overruns for the first year. 35M working capitol was mentioned but no amount for contingency funds.

Can you elaborate on how much contingency funds are required?

RICHARD: We have a 15% contingency worked into the US$ 642 total financing price tag so this will be coming from the banks and equity as part of the total financing package.

Where will the working capitol / contingency funds come from?

RICHARD:As previously explained above.

Will we have to raise funds on the open market ...

RICHARD: no "extra" funds will be necessary to cover the W/C and contingency requirements but equity will have to be raised as part of the US$642 million financing package .

more dilution?-

RICHARD: no

Also, I'm curious about the AIM listing. Is that still a "go"?

RICHARD: Still reviewing a AIM or LSE listing.....we should have a decision shortly.....

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