Ann: Chairman Presentation to Diggers and Dealers, page-2

re: Ann: Chairman Presentation to Diggers and... In the recent presentation:

"Core debt t be repaid within 12 months".

Probably more realistic than the previous promise to re-pay the debt by last quarter of 2010. The delayed repayment may also be due to some allowance for lower IO prices (from June), higher production cost than previously indicated and a budget for some exploration. Still, in a much stronger position than the mess we were in.