might have a short run, page-20

Nothing to talk about really, market stinks, and we are all in some pain again.

EPA approvals: 4th quarter 2008 - Mungada. No doubts some sort of compromise. Also AGO has had delays with there EPA approvals. Delaying production, better not happen here.

1st quarter 2009, EPA approvals Karara.

This is all from GBG, so who knows may see delays. Although ordering of long lead items/finance already in the works so they are "moving" along which is reassuring.

Its really small volumes driving this down, and with close to no buyers its slowly eating away the sp. CDB loan is due in October for KML so hopefully some confidence returns. However if China's development slows post olympics then I doubt CDB loan will do anything. I see growth continuing so I believe miners will pick up soon.