Ann: June Quarter 2009 Activities and Cashflow Re, page-46

re: Ann: June Quarter 2009 Activities and Cas... EL,
Excellent post. Just to correct one potential error. From what I understand, P Hill uses electricity from the state grid for its facilities, so the POO may not be as bigger impact on the C1 cost as is imagined.

OZL may potentially progress both developments at the same time. They have the cash to do it.

Agree with KZL and EQN analysis.

Two issues from the qtly that concerned me with PNA was
a) the neg cash flow for the qtr ( - $11M) and
b) cash on hand of only $36M will potentially restrict any rapid development of future growth projects.

Comments on these issues would be appreciated.

HT1