Ann: Quarterly Activities Report , page-11

I should correct the following

"8mpta + a further 8mtpa export" is plant throughput with finished saleable product at 5.5 to 6.0mpta+

So conservatively it is 5.5mtpa + a further 5.5mtpa.

Also when calculating revenue per saleable product you should be using the beneficiated production numbers, as that is the final product.

So Sep Qtr 123,895t = $29.91/t
Dec Qtr 107,908t = $39.52/t
Mar Qtr 115,574t = $38.23/t

The sinter / lump ratio actual is 70/30 (yes the prospectus had it the other way, obviously things have changed)

Top 20 hold 78% (very much unchanged).

SFZ listed late 2010 yet are generating some revenue which provides cash flow to at least cover their current costs.

imo the focus is about expansion and not about current domestic mining revenue.

I am anticipating FE improvement when concentrator is up and running which will add to cash position.