bfs timing FYI - Question I posed to Rob yesterday on the UCL...

bfs timing FYI - Question I posed to Rob yesterday on the UCL website and his response

Shareholder Comment: Hi Rob

You make the comment in your response to a shareholder question (10/1/05) that your aim for 2005 is to complete the BFS. You have previously advised that the BFS report should be due by end of Feb 2005, and a signed off report is targeted for mid 2005.

Are you suggesting that the mid 2005 date is now at risk of slipping?

Union Capital Reply: The date of finalisation of the BFS will depend on the availability of funding as well as technical issues and approval and logistical progress in Iran. The last estimate I have seen is still around mid 2005, but I would work on the basis that it may take a little longer.

Rob Murdoch