presentation at amec perth, page-15

Hi Bushbasher

Good post,you bring up some good points and if you look at the change in the sp since December and the LME copper price rise,it looks like the contact price may be fixed.

The general sentiment is pretty low at the moment,tax loss selling,stale bulls and 06/07 tax payments due, so my gut tells me we should be close to the bottom.

Its up to the company to change sentiment,the recent rights issue and the loan to MON was a disaster for the sp and people confidence.

Not to sound too negative,I beleive things will improve over the next 12 months.The mcap is tiny compared to many other spec resource companies that will never generate positive cash flow.

The devil is in the detail and thats the contract with HCL,it just may 12 months of financial reports and working backwards through the numbers to work out wants going on.

Cheers