Downward Pressure, page-3

Yes, the SP is under pressure from IO price at a 5 year low and the Ebola outbreak. It is the perfect storm to drive the price down however lets not forget some fundamentals here, re-read the Scoping Study and you will find that Tawana will be among the lowest cost producers of IO, further pressure on IO prices will see the high cost producers come under huge pressure, Tawana will not. Lets also remember that there is still a huge amount of resource to be firmed up to add to our already robust assets.

Yes, it is a hard slog at the moment and the SP is taking a whack however for those who can sit on this while the storm passes there will be great reward and plenty of buying ops along the way. NPV of $430M is still stuck in my head .

IMO DYOR

Mafew.