drilling has started, page-18

I have spoken to peter turner mainly to ask for advice on my research of impurities in the final dso product. I generally always speak to management now prior to longer term buys to clarify any doubts I have. Good management are always happy to speak to shareholders especially with valid, well-researched questions and I recommend anyone else with questions to speak to peter.

My research reflects comments that have already been made tonight in that the value of ore is determined based on various factors. Ore is always blended often with many other ores of differing purity prior to hitting the furnace in order to meet the precise requirements of the end specification. Lower purity ore with certain attributes is blended with higher purity ore with different attributes etc. Phosphorus is only one impurity and can be reduced by this blending. Prices are obviously higher for higher purity and lower for low purity but prices change based on the requirements at the time. Dso demand and prices are one deciding factor in whether this project will ever reach production stage together with other major factors such as size of resource, strip ratio, and infrastructure costs, which I understand are favourable for nemex. The concept study (due this month!) I'm hoping will give more clarity around all this. In the meantime we have a fairly aggressive drilling campaign to look forward to. There is still a massive amount of drilling and a lot more met work to do.