Ann: Sale Of The Four Mile Uranium Project, page-152

hi headbanger.

i agree with your sentiment but the reference to uranium being rock bottom maybe just a little confusing. it may sound a little pedantic but it is extremely important that we recognise what is the price and terms that heathgate is selling the product at and the price and terms that alliance has announced to the market with regard to all in costs that heathgate will be charging alliance.

alliance and quasar approved the four mile program and budget on january 29 and all the facts are in the jan 31 asx announcement. there has been no other asx announcements since january 31 that states that the product will be sold for more or less than US$44.42 per lb and there there has been no other asx announcements since january 31 that states that the cash operating costs, including development costs, will be more or less than AU$40.13 per lb. these facts relate to the period that we are now in.

alliance, heathgate, quasar, and general atomics are accountable to these facts.