amec investor briefing, page-7

Guys

I attended this AMEC presentation and spent several minutes with Andrew. Thjey have had to wait for access rights etc, that's been an impediment...but all resolved now.

The Tin credits from Magnetite production of some 3mn tpa would be 7,000 odd tpa and the Tungsten about 5,000 tps, from what they know to date.

so I thought -

TIN: 7,000 x 20,000 x .6 for the concentrate = $85mn say
TUNGSTEN: 5000 x 25,000 x .6 = $75mn say

Total some $160mn pa, PLUS Fe...

Shaping up very nicely...Andrew was a straight shooter and gave a top presentation, plenty of enthusiasm. When you look at what they tennements are and how LITTLE has been drilled, the upside is almost exponential from here, shouls all the grades and veiwn structures hold consistent to what we know?

Many Asian inquiries incidentally...