Ann: EGM presentation, page-52

Hey Flippa. I gotta says you have a better understanding than BB imo of the capex involved. At the "famous" London presentation in March, BB stated 650 million - not saying which currency it was - could have been AUD, GBP or USD I suppose - I'll go for USD for the debate). But to be now stating USD750million (@ exchange rate of 75cents = AUD1 billion) - that's a lot to finance even if SKI give us AUD65m - AUD85m (not sure which, both numbers have been bandied about), and is at least USD100million greater than he was saying just 3 months back and we can get finance at 5% (JD). DFS will make an interesting read - I hope it's very positive. Looking forward to reading posts from meeting attendees. Cheers.