dividend, page-4

"Hi Boys and girls!
When Wayne goes mining later this year has there been any discussion around any sort of dividend estimation over the next few years? "

No but MPS did in their June 2012 report.

80% of EPS of $1.60

3mpta mine production to commence in late 2013 \

Total capital costs of A$250m fully equity funded

3% Cueq head grade to produce ~90,000tpa for initial 3-4 years

Initial mining and processing costs
FY14 projected earnings at current prices >A$1.60/share

Debt free project to ensure high dividend payout ratio (>80%).

CDU undervalued vs base case target of A$4.58/share