Ann: Atlas December 2011 Half Yearly Report and A, page-9

re: Ann: Atlas December 2011 Half Yearly Repo... I posted this under AJM (I hold AJM) but probably more appropriate here...

From AGO's Dec 2011 Half Yearly - “Our strong cashflows are enabling us to invest in further increases in production capacity, which will see output double to 12Mtpa by June 2013, targeting 15Mtpa in 2015 and 46Mtpa by 2017*.”

*The 22mtpa and 46Mtpa production targets are subject to the successful development of the interconnected mine, rail and port facilities proposed as part of Atlas Horizon 2 development program.

I notice there's a discrepancy in the target for 2015? 22Mtpa in the footnote matches the Investor presentation Nov 2011. Not sure where the 15Mtpa has come from, it's a pretty big blunder to make when quoting the MD on the summary page of your Half Yearly.

Anyway, my question for those that may be more familiar with Atlas.......Can they achieve this 12Mtpa from existing holdings by June 2013 without developing Mt Webber?

Regards


DYOR
GLTA