Ann: Director Appointment, page-10

The recent appointment provides further Muscle to the board to carry this project over the line...Not to mention the addition contacts this director will bring with him....When you look at the SDL board it is very experienced....This is still one of the largest cross border projects around

There is no doubt there are additional project modelling occurring behind the scenes in order to account for current market conditions now and into the future. You can see that varies options are being revisited with the recasting of funding and finance arrangements.

SDL is fortunate to be in a position to be able to apply varies options which should eventually see the project progress to the next stage of development.

One highlighted in the most recent announcements is to increase annual tonnage from 35mt to 40mt, thats a biggy....and this should further reduce the overall cost of production through economies and scale and will further cement them as one of the lowest cost producers in the world....

SDL has some major advantages over other juniors, we are by no means beached....

*with first mover advantage
* Rail and infrastructure being a potential additional revenue source
* the huge size and scale of resource(only scratched the surface)
*low cost producer
* huge support base from countries who will rely on revenue from royalities for future development...

The other most important issue is that those developing Countries who are 100% behind SDL and the project will benefit significantly from the royalities and tax paid by SDL...even if the project is break even they will still collect their royalities to fund future development...

The actual building of the rail and port etc will also provide significant employment and long term investment, as well as structural economic and social changes in the region. Can you image how much steel and associated building products will be used in the construction..

This is a project that a lot of people and countries have a vested interest in seeing succeed, and for that reason it is hard NOT to see it survive, flourish and be successful.

Having said that we are all waiting with baited breadth, for the company to announce that it has received the Financial support and funding and tick one of the major company milestones off...