Spoke to Management, page-7

I put the same comment to them as why this was not put in the report, the response was, we have listed in the report what we are working on (PFS underground & Southdown) and at this stage we are not in a position to comment any further until a final decision is made.

My personal opinion is reading between the lines, 1 or both of the outcomes should be released to the market between now and December. The underground PFS was due late Q2 from my memory, so i suspect this one will be first, it was estimated to cost approximately $100 million to get up and running, with an overall view of reducing C1 by approximately 30% and increasing output to 3mtpa, and this all plays into the furnace upgrades at Port Latta to handle the additional production.