2008, page-8

Hi Tony,

Just wondering if while the subject is on $US $AUD for commodity's if you would mind shedding some light on how mining company's view this for me.

We sell our resources in $US buy machinery,parts,fuel,oil,tryes, pay freight for these items into Australia etc in $US.

While on the other hand we pay for wages, electrical energy, internal freight, most development etc in $AUD

So if the $AUD gained 10% on the $US how much difference would it really make to the company's bottom line?

Because of the split in which different items are paid for and the mining method and mined product may cause this to vary a bit a general rule of thumb would do.

Thanks in advance and have learn't much from your posting