Ann: Impairment of Western Areas Assets, page-76

Hi TB, (in my humble opinion) I'm straying into big persons territory here and I am not even a holder and I am simply a minnow investor anyway. This is an impressive looking company. However, there is a risk that the Csm# write off will expand into a care and maintenance exercise - or worse.Already, the huge 'non-cash write-down' (near $1b) has a material impact on the IGO balance sheet. Such write off has already taken a sizeable portion of future annual revenue. There is a risk it may be followed by further opex costs. I am no expert. In my book, Csm# is a huge liability. I welcome your kind views.