Ann: Clarification of Revised Chairmans Review , page-6

re: Ann: Clarification of Revised Chairmans R... Strange to see so many cheap shots at the summarised review. I wonder if these people have actually read the review and more importantly whether they have understood it.

The company is advising that in the first four years of mining they the Company will focus on higher grade zones which have been identified as 12 mt @ 2.05% Cu Equiv (0.8% Cu cut-off), as the basis for the first 4 years operation.

12Mt of ore grading 1.62% Cu, 0.16g/t Au, 368ppm Co to win
190,000T of Cu, 60,000 oz of Au and 4,200T of Co

To simply average this over 4 years is 47,000T Cu,
15,000 oz Au and 1,050T Co. I'll be very interested to see the cost break up on this but my BOTE calculations give me a much greater sense of comfort.

I am layman in terms of mining, so would appreciate some informed discussion. Cheap shots not - any fool can make them.