What does this mean for us?

McWatters has to be brought into production and it must be financed in whatever way we can. If this loan is the only way then oh well.

This year must be a very lean year. Spending must be on what is operationally required. Exploration on other properties should only be done after all other goals are guaranteed.

Financings now are going to be extremely difficult so money is at a premium. If it means dilution of shares or not making it, I support dilution of shares.

The first year is always the toughest, but this is attainable. We have accomplished a great deal but it is still not an easy climb.