$17.2m raised through presales agreement , page-44

Hi badfish,

If I post my address will you send it to me?

Wise are still doing ok out of our relationship. The Sales and Marketing Agreement stays intact.

Next ship is in a couple of weeks, we did suffer some damage to the new crusher that is not major but it did set us back a week for spare parts. These things will happen as we commission new equipment and learn how to use them. We can pick up the rate in February we expect.

Its like this for all new producers. Its a real learning curve even when you have very experienced people like we have. Cockatoo is looking very good though, we are very happy with Watpac at this stage and all sorts of ways to extend the mine life.

Cheers, Tony.