Ann: Pesponse to ASX Price Query, page-107

Lower AUD only helps Australian based miners (including MLX), prices of Tin and Copper expected to rise.

Good comments about the sale process of Nifty, MLX management need to ignore how much money they poured into Nifty because the potential suitors will not care, all the suitors see is a massive money pit requiring a huge investment, effort and deep pockets before it starts making money, so while a JV would be nice I just dont see that as viable at the moment because MLX couldn't be relied upon to continue funding the turnaround.

If we are thinking about potential suitors - maybe EMR Capital? Or maybe Perilya as a long shot? Both buyers and "turners arounders" of distressed assets. Anyone else think of any smart operators who are turn-around specialists?

I would think that SFR and OZL would want quality assets - and Nifty is just not quality and has the track record to prove it. Similarly - BHP and RIO are after Tier 1 high quality assets that can survive metal price downturns - Nifty certainly isn't that. Glencore seem keen to offload their own under-performing base metal assets in Australia, so I doubt they'd be interested.