Ann: Update on Voluntary Suspension , page-11

Agree, i think April numbers will be good

1. Run rate of 3.2Mtp/m mining rate from both Zeta and Plutus. this has previously been an issue

2. Should translate to more ore milled, i suspect there should eb a larger portion of high grade feed as Zeta has reached it the sukphide, Plutus still getting through the transition ore

3. Grade well you can back calculate but indications are that Zeta high grade feed is about 1.2%, wll be interesting to see if this improves.

4. Recovery any decrease in grade should be countered by increase in recovery im factoring 90% recovery one design rate is achieved vs. 83% in BFS

5. Also keeping an eye on the Ag as recoveries here are great, all this helps as the credits will reduce costs

All in all i think there shoudl be sufficent improvements across the supply cahin mine to mill.Despite above i would still take a cash offer above $0.75/sh.They still need capital for Zeta underground, diesel generator, working capital and interest, plus copper stockpiles forecasted to be in oversupply for at least two years (thank good for the hedge book). I value Beseto at $0.65/sh no added value for exploration upside