Ann: High Purity Alumina Prefeasibility Study, page-45

I am not too sure what people were hoping to find from this report. It reads well from where I am sitting . For those who are selling down to current levels, one can only assume that they have been in this story for quite some time and are now exiting because it has become too long winded..

I have been a shareholder for quite some time and this report has only strengthens my belief that this project has a robust future providing we can get some joint venture partners to come on board. Management have now got the necessary detailed information to enter discussions with interested parties. From my reading the economics appear to be VERY favourable for a would be suitor to WANT to get involved. I was never believing that KRR would be going it alone.

One step at a time is the only way these projects eventually see the light of day. The way I see it, we are now one step closer to getting to the end point.

It does however require some patience. Something that the overall market does find difficult to embrace at the best of times..

I am happy to sit tight and see where this takes us.

Cheers.