Ann: Minyari Phase 1 Drilling Update No. 3-AZY.AX, page-34

That's one of the reasons I just got out! As a business owner I am not going to pay myself a lot of money unless the business is making money, (A Lot of Money) ! AZY is NOT making any money, in fact they are spending a lot of money on exploration in an area (Minyari) that in the end will not be economical to mine. The only hope is for Citadel (Rio) but that also might not be so economical to mine either. Low grade copper per ton which they have to compete with the extremely higher grade mines in Africa and Mongolia. When fuel rises and the AUS dollar gets stronger, you have to ask yourself if RIO thinks this will be an economical mine in the future. I do think that Blue Steel could have some possibilities, maybe??