Ann: Technology and Low Emission Minerals Conference Presentation, page-18

Hi all. I was at the Tlem 2018 conference this week (not to be confused with RIU 2018 which happen in Fremantle in
Feb 2018). 

What Mark said was consistent with what we had already knew. Spending $10m to bring us the fines circuit by mid 2019 which, together with the dms1 optimisation, will double the output from pfs (155kpta). Thereafter we can build the 2nd DMS to further double again. He was not very clear on the investment required for dms2. 

IMO, what Mark presented was only clear to people who understand the story well. I would say that for people who don't track the progress that closely and for people new to Baldhill story, the story did not jump out so excitingly that people wants to immediately get in.