plv valuation by my calc, page-25

hey Tony,

yes i will be attending, glad to hear its a larger room the standard room at the end of the hall up stairs on right of level 1, i think holds about 30 people from memory :) should be an interesting meeting, i'm confident the first shipment would be delivered by then.

are you at liberty to say how the pricing works for the 1MT of ore that was sold of which $20million is expected in 10 days? is it a function of the spot price at the time the ship is loaded OR there are other variables in there? and also is there already a planned date in the Cockatoo project schedule for that first shipment of the 1MT of ore to leave Cockatoo? if you can divulge that is..

is it fair assumption tony that the new brokers would like to see PLV kick some goals first ie. get a ship away as planned, receive the $20million and wait till JPM have finished before taking a few sizable parcels of PLV on market?