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Ann: Operational Update, page-36

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    “25% of $767 mill, what are you even on about, these are pie in the sky numbers”

    I was heavily invested in Atlantic’s Windimurra vanadium project. The brains behind that project was FMG’s former CFO, Michael Minosora. Had the pleasure of traveling to Perth and meeting MM - very, very smart man.

    Anyway, cut a long story short, I started smelling a rat and managed to pull out a few months prior to its demise. Fortunately I made a tidy profit, but others weren’t so lucky.

    BTW, do you know how much it cost to develop Windimurra?

    The answer is in excess of A$700 million.

    So, your reference to “pie in the sky numbers” is obviously a way of avoiding my question.
 
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