independent analysis, page-187

Ozb

The only thing that has changed with CDU are timeframes.
Perhaps the time frames were calculated if everything went smoothly and no hiccups.
Some things however cannot change.
The material that is in the ground (some now in stockpiles) has not changed.
The jorc has gone from WM's 52mt @2% to 30mt @ 1.24% to 1.70% to 1.90%.
The actual material however has not changed.
Also this company is setting up to mine and to continue to mine for years to come.
Rushing time frames to suit traders or some shareholders cannot happen.
Whatever occurs has to be for the long term benefit of the company and therefore the shareholders.
That's what WM and the board are there to do and that is what they are doing.
I just want to ask why you think there will be a raising when we all would have thought the loan is there to
get us past the point where we would have to?
I think the couple of delays with the crushing circuit put us 6 months behind from the march sales.
As far as I'm concerned if we have the resource and we know WM will get us to mining and sales nothing else is a stress.
Hope you get back in soon.