Ann: PDF for WLP Residue in Malaysia, page-79

Reviewed everything found one thing that supports your case "WLP & NUF stored in PDF compliant facilities" Would like to give you a page number but they stopped marking pages at page 14 but it is in the Lynas Malaysia section. Still do not see how this could be considered a PERMINANT DF. But at this point I will say I was wrong. Still go back if this was worked out back in 2012 Its impact would be much smaller. I totally agree the you have provided one line of what I asked but not much else. Take a look at cover for WLP do you think anything is permanent about it. If everything is converted to AUD this is a bigger expense than the entire profit in their only two profitable years. That since this PDF when finished will only hold WLP already produce and nothing planed for future it cannot be CAP EX so every payment comes right off the bottom line. That since they have kept the AELB payments on the books as an asset even if they use these it hits the bottom line in full, It does help a tight cash situation.

You did not answer one question. IF C&L was not moved to AU how long do you think these facilities would last Before they ran out of space.

NUF is still a wild card and there is more NUF than WLP. Hopefully they will now get approval for codicil or approval to ship it out of country. It is still an unknown.