significance of the directors buying, page-7

You won't be found wrong on those two points Simon. Your reasoning is very sound. I totally agree on the Xtrata holding effectively restricting the possibility of takeover action. Similar discussions were had at the last EGM as well. Also think your target of 500,000 plus tonnes contained Cu equivalent will prove to be on the money given time as well.

And of course none of these numbers even consider the 2 highly prospective areas in PB western region...rumoured to have great potential. I doubt we'll see much from these new areas in the immediate future but really good to know that you have a "spare" resource part of which is 2.4 km with one core already pulling 14.8m at 1.48% copper.
The company reports provide good reading and a little more objective perspective than the constant fluctuations of the share price or some of the ridiculous stuff that makes its way here :)