Ann: OZ Minerals December 2011 Quarterly presenta, page-8

re: Ann: OZ Minerals December 2011 Quarterly ... I have not yet listened to the webcast, but am happy that TB has the cash and has not spent it because some analyst in his a/con office in sydney wants him to to.

I do not want to see another Wolfden or Allegiance or Alcan. Too much money has been wasted by M & A that has destroyed shareholder value.

HT1

BB - what was your concern on the C1 and/or tonnes?

HT1