presentation, page-4

Chris,

Agree with your last comment...

But for me the big thing in this announcement is the 24,000t pa of copper with the upside that they mentioned.

Simple arithmetic from previous announcments tells me that at this stage they are only talking about the ZETA 2kms zone at 2%....

It seems to be confirmation that this is what they are focused on.

If you look back at costings, and I have had a few reds so i will be brief, 24,000 + silver = $200,000,000 a year at current price.

Capex $60 -120m, ope ex of $45m pa on previous estimates and you have a company trading on 2/3 year forward pe of less than 1~~~~~!!!!!!!

Now take into account the rest of their resource within 5 years they could be chugging out 40 - 60,000t pa...I would imagine at a higher cost and lower value, but then looking at a forward pe of 0.25??? Is there such a thing?

All good. Have a few of these...250..but just not enough.

Good luck.