Its a big deal that Alex is stepping down to allow the right...

Its a big deal that Alex is stepping down to allow the right person to manage the next steps. A ballsy, undoubtedly tough decision. Bloody well done, mate. Its been a tough gig, and Alex has been under a lot of pressure (here ) but in 20/20 hindsight he has done a great job in setting up the financing. Whats best is that only 40% of the concentrate is in the offtake, so 60% will be on the open market. This should be pretty clean concentrate, and this is where the real value lies. Hopefully the project does not overrun (which projects do not!?) and they wont have to allocate more to an offtaker for the balance of the financing. I have not done the analysis on the debt repayments- can anyone give us a quick rundown?

I do not know the new chap but he seems to be doing fine so far.

The schedule is spot on. No one builds a mine in 1 year or 18 months, especially not in today's world.

This is a very interesting mine with the Sp at the bottom of the usual project development Lassonde curve.

I might be buying if I can get some ozzie bloke to open me a trading account.

DOYDD.