12mt jorc, page-132

Truce Pat - lets wait till all the details are known there are plenty of mines in Australia some are profitable some are not.

some are profitable as long as the minerals can be sold for more than they cost to get out the ground - others would be profitable but are carrying to much debt - We saw how FMG got hit much harder than BHP on the falling minerals prices because it isnt carrying the debt that FMG is.

PLV only had $400k in the bank lets see the real cash flow numbers provided by the comapny before we pop the champagne.

Hoot