agm, page-2

Using the AGM Presentation as a cue, Has anyone done any assessment on whether the figures quote on Slide 6 of the AGM Presentation are reasonable and achievable. I know it is one thing to estimate what costs could be beforehand, it is another thing once production starts to achoeve those costs. Things cost more than expected, take longer to do than expected, some costs get left out and don't become apparent until production commences etc. etc etc.

I was just wondering has anyone done any benchmarking of the costs, as disclosed in the AGM and Other Presentations with perhaps a similar iron ore mine which may have similar cost structure? (I have looked but cannot find any similar mine to the such a comparison but someone else may have found one)


Regards

SP