comments, page-18

As I have indicated Blythefan - I will leave the analysis of what is feasible and not feasible to those who have the responsibility at management level to make those calls.

Until we have the test results back and a better handle on what exactly is there in the way of a mineable resource then it is all speculation.

Dr Kevin Wills has given an indication of a possible plant which he indicated to require within $500 to $800 million to set up.

Now while you may rubbish that possibility I prefer to await the results of the testing to know what we are dealing with. Once that is known then that could indicate a need to have more precise testing of certain locations or layers to establish the most economic resource for mining.

Nothing is easy when you are dealing with the largely unknown. It is easy to throw cold water on a concept that is not fully grown. Once the reality of what is there is established then what is possible and what is not becomes a lot clearer.

Let those MXR shareholders who are happy to go along with this exploration have the right to explore the possibility. You may be right. You may be wrong. But the proof either way does not depend on either you or me. It depends on what those test results show up and where that then leads and what develops from that.

I'm happy to wait for the results in September. Anything you say now is not going to alter that.

Your claims are under investigation and will be judged ultimately.