I should add that the above calculated debt level of $279M is...

I should add that the above calculated debt level of $279M is calculated for 31 Dec 07. In practice, I should also incorporate any expected change to this position occuring in the March Quarter. I havn't done so because I haven't anything to go on. Don't know what addition development/evaluation work would have been carried out in the March quarter that may change the above figure. However, it might be significant, with all the expert assessments/reports been prepared, etc. Therefore, may need to adjust the above figure down for this factor.


Regards

SP