Ann: Maricunga Stage One DFS delivers an after tax NPV of US$1.4B, page-71

Nothing to be too concerned about. It’s a predictable response after the big run its had. It’s all about news flow, and tomorrows webinar will provide the opportunity to ask about this apparent delay in offtake/funding which was supposed to be wrapped up this half, with the FID now slated for the end of the year. The market needs short term catalysts, and it appears we don’t have one now that the DFS is out. Details on the DemergeCo will be next I presume, just how soon and whether that’s enough to maintain momentum remains to be seen.