Ann: Letter of Intent with Hitachi executed for Mining Fleet, page-25

BHP are pumping Chinese real estate to pick up which will increase the copper demand of course. Perhaps on rumors in the breeze of Chinese Gov pumping 5 trillion into economy soon? courtesy of SMM (Shanghai Metals) website - wow what will that do for copper and PrNd demand and prices. Very comfortable with ARU, RXM and LYC Arsenic - well I wish I had more but don't we always in these low buying opportunistic times. I see C6C is another - well not takeover but amalgamating to make a larger operation - lot happening in the copper space as the race for positioning continues.

Sidenote - the ARU situation I had to use favorably in selling majority of holding in my account to take a loss which will be tax beneficial to erase any tax on earlier gains current FY then as ARU sp falling I bought equivalent in wifes account (even more actually due to falling sp and time to act and process the sales and funds - then another buy last week from high interest account funds available in Nabtrade to buy again such is my conviction near term with ARU - then channel more into REX prior to the copper rebound hopefully and REX delivering construction and commissioning at Hillside. I even went as far as looking to buy in Ardrossan area (ex Spencer Gulf lad) a fishing/crabbing 6 monther to cash in on real estate growth side but just float between there and Thailand. Missed that boat with ARU dip ($$) and property price growth particularly last summer just gone from what I observed in the area. Anyway have a great weekend all - look forward to latter this year - yes again - later this year - next year .... Go Saints - first bounce soon - kaching.