attn. horsetrader, page-4

I was away helping at an Agricultural show on Fri and Sat, and have only got back to catching up.

I see OZL had a good run on Fri.

I should point out that OZL holders cannot do a one to one comparison of cash generated in Dec qtr and cash on hand in Dec rpt. The supply chain from mining to cash receipt is 3 months, so all Dec qtr production payments will appear in 2010 financials. In reply to Post #: 4963330 re the cash not changing significantly, I can understand that. OZL generated $119m in Sept qtr, we have bought into IMX, accelerated drilling around P Hill and lost on FOREX, so the change could be only a little amount.

HT1