Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-19

The WA government may review royalties and keep it as it is.

If it does change, even if it is not by much, they are no better than West African governments that make it so difficult for miners with the way they keep changing the goal posts. The reason so many local and overseas companies invest in Australia is that we are a safe jurisdiction without to much political backflipping so that you know where you stand.

Back in 2015 till now there has been no SOP project in Australia so the royalty amount has made no impact to the government all this time for them to say it needs to be higher or lower now. However it may have an impact on all the companies and investors who invested millions and then these idiots decide it needs to be reviewed knowing 6 years ago it would take so much time to get the first SOP project off the ground . They are reviewing a royalty that has never been tested in the first place which is not cool in the scheme of things at the moment.