quarterly out, page-30

""The accelerated mining schedule indicates copper output will almost double in the initial years""

For the life of me, I cannot see how "accelerating the mining schedule" will increase our copper ore % output to 4% as you have stated. Unless of course we will change our plans altogether and go mining like the rabbits do. Dig a little bit here and a little bit there within the jewellery box.

I do love your enthusiasm but, what we seem to forget, is that we have a JORC in place which might have been upgraded a little more than the first one and, all it says is that our average CuEq is below 2% not 2.2% nor 4%.

Most importantly though, and regardless of what you are trying to tell us, if we are to increase our CuEq outputs by selecting our richest part of the mine, all we will achieve is reducing the life of our mine. And that is CuEq, don't forget that.

A simple example of that, is where we have a full bottle of bear, and where we cannot make two full ones out of the one. Unless of course you add water to it with the end result that you have reduced the alcohol content of the first one. It is as simple as that.

"""If the 2.2% CuEq is "nearly doubled", then we are talking 4% of 3m tonnes or 120,000 tonnes CuEq for the initial years."""

Dear oh me....what next.

Reality mate. That's all. Not conjectures!!!!!