12 month production, page-9

Boccione,

Great exercise you did.

A minor point, hopefully there will be nickel from Avebury to add, although at current prices the revenue (on payable metal only) likely to be little more than A$100 mm when in full year operation.

This has been an expensive lesson for me, not to continue holding something in the event of change of circumstances that I am not fully sold on - the ZFX merger always appeared questionable wisdom at best.

EL