ageis notes

Stage 1 of the Redbank project should be at target capacity by January 2007 this will provide confidence in the mine design and the operational capability of the company. Towards the end of 2007 it should become clear whether RBM I son schedule to start up the subsequent stages of the project. This will be a major turning point for the company as it will indicate whether the goal of becoming self-funding is realisable.

Valuation: 22 cents from Ageis Research