A1M: General Comments, page-517

I look at the Cu explorers and their projects and wonder at the dissonance between the language and action.

There is genuine appetite among operating miners without exception for more copper. They are equally interested in early stage to fill out their development pipeline as shovel-ready projects.

Yet none have moved.

Every project out there has been considered and reconsidered.

OZL committed to HAV to add effervescence during the BHP takeover.

Did someone say the recent surge in the PoC changes the economics?

Hmmmm. The overwhelming majority of inducement pricing is simply trousered by operating miners.

Pass.

Ash