Ann: Positive Results for Taronga Ore-sorting Test Work, page-190

OK folks. Hope everyone is having a nicely relaxed Sunday morning and those lattes are flowing thick and fast. On request, I have trawled through the various Anns for any relevant dates and milestones and have updated our very own ANW roadmap chart.

For reference, here is the one we had from May 2018 and it shows our collectively estimates for the various milestones. All very good.

Now, in this latest version I have also added latest announced achievements (green circles), and colour coded the mile stones that appear to have been missed plus provided my view of the likely completion for the missed milestones. One thing that immediately jumps to mind when looking at this picture is that only G2 appears to have been affected. By about 3 months - so I think our view that they really should have had the contractor on deck working in Jan/Feb is holding true. The 3 months slip is the winter season.

In my view the timelines for T1 commencing on time remain ok. I can't seen anything that prevents ANW from having T1 up and running. Other than maybe being distracted by actually getting their sheet in order for G2. MtCobalt also appears to be affected. Even if they do complete all drilling on this side of Christmas (possible but not likely), the Labs would then go into the normal Christmas/New Year shutdown period till roughly end of Jan. So I really don't think we'll much meaningful info on MtCobalt until Feb/March IMO. I would shout PW a beer if he got that out before Feb!

Anyway, these are my thoughts, what does everyone here think?