plv valuation by my calc, page-15

Hi mcbombers,

The $20m should come in in about 10 days. They are working on issuing the Letters of Credit now, then there is a bank process then the money comes into our account.

No the November shipment isnt linked to either the $20m or the 1mt off-take agreement. It is the first of the pre-sale shipments. I have no reason to change the advice to the market that our first shipment will be in November.

I'll keep the market advised as things are ticked off.

Cheers, Tony.