late report, page-21

Every time I listen to these audios I get blown away by Bill and how calm and matter of fact he is around what they are up to and how it is all working.

I love it how he just slips in the chance of a 120k development and keeps bringing it back to the staggered approach that he first started with in 2002 with the Diku HMS plant and still believes in.

He also seems to have a very good plan in his head as to how to keep reusing old gear and get us further up the foodchain e.g. Diku ore into the EAF once the SX-EW is underway.

From what I can tell there are a few slippages around dates etc, but he has yet to fundamentally put a foot wrong. He ahs grown us at a great speed, we have a great footprint in one of the emerging copper basins of the world and have an operating cost structure that can't be beat.

All up I get the feeling that we still have a number of solid years of growth in front of us as long as we don't get take out.

I think we will easily see $20 by the middle of the year and $25 by the end of the year should not be an issue. After that who knows?