nick curtis on business channel right now!, page-13

Once we are cashed up from initial sales I reckon there are two options (other than paying out fat dividend cheques):
1. stages 3 and 4 of the LAMP to boost production to meet demand from Mt Weld (at 22 kt/yr and a 2.04 Mt resource we currently have a 92 year mine life) , or
2. buy up a few competitors to reduce future competition.

Even a tripling of production would result in the current resources lasting 30 years (not to mention the new deposits being explored), so why not snap up some of the competition to ensure we maintain the demand. We don't have to develop the mines, just need to sit on them to stop anyone else from doing it. However, if we negotiate the supply contracts for stages 3 and 4 then it doesn't matter if there is any competition as our products will already be pre-sold, and we wouldn't have to waste money on mines we don't need to use.

I think the board are in a great position as there are so many options to consider as far as long term strategy goes, and we are in full control of those options, not others.

Just need to get that LAMP switched on so we can get cashed up!

GLA