under $4, page-15

Hi traydor,

I believe that David Flanagan said that he wants to focus on the DSO (direct shippinge ore) and wants to get partners to buy into both balla balla and Ridley to finance and bring these resources into production.

Deals would have been sealed and signed on both these projects imho, if it was not for the uncertainty of the mining tax, which has been a scandal as it has created an environment of uncertainty and is not good for bussiness.

The whole mining tax debacle has cost this country already plenty of money, such a pitty that we can not see plain figurers attached to this cost as fear and uncertainty can not be put on paper in figures.

I am sure that many deals have been deferred or big investors and miners that have taken their money to canada or africa and the like. But the cost to the nation and our australian companies (and tax payers) we will NEVER know.

jojo