Ann: Update on Mt Gordon Copper Payment, page-23

The Annual Report shows net assets(liabilities) of;
Reportable segments
Renison Tin $41.6m
Mt Bischoff Tin $(8.7m)
Nifty Copper $(14.7m)
Maroochydore Copper $7.0m
Wingellina Nickel $3.5m
Sub total $28.7
Other assets(liabilities)
Cash, bond etc $23.1m
Net Assets $51.8m

Market cap currently ~ $120m
There is a $50.6m provision for rehabilitation included in the non-current liabilities
Significant tax benefits are not on the books.
The $10m from Mt Gordon would seem to be a windfall gain in the current financial year, not on the books?
A sale price for the 2 copper assets of $1 has been put forward by some posters, where did that come from? Hopefully it is competitive friction that is prolonging the sale process.
A trailing royalty from the copper assets sale must surely something our negotiators will ask for.