Stop, I never talked about a 2 billion investment. Think about it, 2 billion for a DSO operation ?

It's a translation problem if you use the Google translator, it will show you 2000 million instead of 20 million. It's a fact that AXI und XXP have not communicated any costs for the possible Tuktu 2 DSO mine.

I want to explain my view on the 2 debentures, first one for the RB FS, second one for drill testing Tuktu 2 DSO. I understand the second one as DSO is not proven yet. I don't understand the first one 100%. My explanation. The original agreement with XXP allowed them to get 19% of AXI's shares. They have a right to get those shares; AXI shareholders have voted on it in summer 2011. AXI and XXP used that financial instrument to make sure XXP gets their 19% share in the company. Anyway I can live with the 2 debentures but XXP is very careful when investing in AXI so far. This will only change when XXP gets chinese approval on their 50 Mio investment (+ mine financing) in AXI. I still believe we are very close to the RB JV as the FS report will be out soon and the chinese have all infos by then. Signing the Tuktu DSO agreement is an indication for that as Tuktu DSO can only be developed if the RB infrastructure can be used.

Regarding my 3 billion NPV (pre-tax and pre-royalities), use my numbers and start calculating. That's all I can answer.