Ann: Full Year Statutory Accounts, page-109

Buddy,

You are spot on.

Maybe you guys are missing my predictions, which, over time have proven to be mostly correct. My last one was the "share price will be under $1.50 within 12 months'. That one hit home recently but was scorned by many at the time it came out.

In my view, the following stuff will push the share price around over the next 6 months.

- start of regular DSO revenues

- completion of the mine construction by the end of 2014

- efficient commissioning of the mine plant after completion

- balancing the cash position through to regular production revenues

- forward copper price in A$

- the general shape of our markets

- production levels attained at the mine in that time

- maintenance of the projects timelines overall

It will be very interesting to see how all these things fit together over the next 6 months or so but at this point I am out of predictions except to say that all of the above need to work as planned to get the results many here desire.