very positive quarterly, page-17

Saracen,

I disagree. Good idea each part of the company be valued on their repective projects. At the end of the day the company is giving you 1:1.

Time line is there, cash flow Lithium starts April 2008, with a mere 1,700 tonnes (@ $6500 per tonne), then incremental growth onto 17,000 tonnes 2010. Potash is a great source of income also, a natural bi-product (growth sector - fertiliser) of lithium chloride production. In addition the company has tied up the region's salt reserves, they require 110,000 tonne per annum for production, having "lithium is not enough".


With respect to Iron Ore - the ramp up to 7m tonnes, and a port capable of hosting panamax ships by 2009 / 10.

Current PS on forecast earinings, 1.14 - lol, I am very relaxed.