amm agree marampa - 5mta option

Good morning all,

I am not sure who has seen but good announcement out this morning in relation to an updated infrastructure agreement with African Minerals. There is now an option to increase in the future from 2mtpa to 5mtpa when infrastructure is all up an running.

Personally speaking, 2mtpa was always a bit of a bottleneck for a potential billion tonne resource. So, this increase (while i would like to see a lot more) is very welcome news.

If this project was picked up buy the Chinese or one of the bigger players then they would want to see more capacity as 2mtpa is nothing. So, would make it even more attractive..if it wasn't already. Setting up even more nicely now.

Should be a pretty bad day generally speaking as a result of Friday night lead, but nice to know the buyback can go up to 62.5 so i would expect some big support to get to around there..CFE is great and will hold up pretty well compared to the rest.

Good luck all