Ann: JORC 2012 Mineral Resource Estimate Update, page-15

We need to remember this was just an update to the JORC to get the current resource up to regulation. This has seen a revision to the density and therefore grade. Yes its disappointing there's been a reduction in total Cu from the previous JORC and I would have hoped for better news. But in my opinion this resets the baseline for which to build on. With the new management team, exploration underway and over 50 breccia targets, there's plenty to be excited about. Yes there will be short term sellers who see the reduction in current tonnes and see no short term upside, however long term there's plenty of value in RCP.