ann out, page-16

Hi capkapak

"What makes me think is that the 115m figure was not plucked out of the air. MAK must have gotten that figure from somewhere. Could it be that it was a figure that came up during the estimation?"

From the 2006 prospectus:









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Miller 2001A. Inferred Mineral Resource. 115Mt at 22% P2O5 (at a cut off grade of 15%)
After additional infill drilling during the second quarter of 2001, Miller undertook a recalculation of the resource in December 2001. However the drilling density is still very uneven (refer to Figure 15.) with some holes 1,800m apart and many over a kilometre and there is no regular grid of drilling established over the deposit. The resource estimate is classified as an inferred resource and this should be borne in mind. Miller ended his memorandum with “Caution should be exercised if this category is considered in economic studies”. The estimate was revised to:
Miller 2001B. Inferred Mineral Resource. 72Mt at 23% P2O5 (at a cut off grade of 15%)
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Cheers!

Another day of strong buying in Makland!