Ann: Market Update Progress on Wonarah Project an, page-3

re: Ann: Market Update Progress on Wonarah Pr... I see this (with the exception of JDC delay) as a positive ann. for progress on Wonarah.

* We knew there were delays with JDC plant, so no surprise there (also I've been involved with many commissioning of new plants/factories and they never go exactly as planned there are always issues to sort out, par for the course and doesn't mean failure. Even with the best planning and preparation)

* Upped the investment in JDC, good stuff (if you believe in the technology)

* Using JDC tech ppl to help with costing and design, sensible. Good stuff

* Extending exclusive period, good stuff

* Board observer. Nice

* Progressing BFS, good stuff

Of course if the IHP process falls over then it's all over. But having built a test plant, then a pilot plant and now working on a demo plant we are looking reasonably good, it seems to me it is more about getting the parameters right as the process is scaled up rather than proving the process.