forget good article - broker coverage!, page-13

Corporate,

Even so, I guess a A$7mm increase in cash balance in 2 months is in itself exactly what we are looking to see.

Has CUE finally come of age? Well looking at the presentation it is abundantly clear that CUE is much better set up to move forward with the cash than either NZO or PPP were with Tui.

A nice balance and diversity of risks, rewards and maturities in the growth portfolio. Hard to find better in a sub $200mm mc imho. Also good to have income in NZ, Indonesia and PNG too which makes the exploration more cost effective in these jurisdictions. Possibly one of the reasons we are best with mostly free carry wrt our Australian exploration atm. Nice not to drop below the quite manageable 15 to 20% level though.

I really see no need for us to go beyond these 4 countries. With the exploration portfolio we have, I really see no need for it. It would imho need to be very opportunistic, and probably need to be a producing asset if we were to.

EL