Ann: POSITIVE SCOPING STUDY FOR STAGE 2 SXEW AT K, page-2

re: Ann: POSITIVE SCOPING STUDY FOR STAGE 2 S... Would have thought this posotive scoping study warrantd a little more posotive response from the market.

The upside all belongs to the drill bit and csan anyone doubt there will be several seperate deposits which will be expanded or uncovered.

Particularly important is the $150mm until cash flow.Surprised it it is so low (pleasantly surprised).

If anything I would have thought political risk has decreased recently.
There may be some doubt on execution risk given how far behind on the heavy media plant reaching nameplate we are but this was not unknown.
So I can only think that we are the victim of pure market sentiment.
Plenty of produers above the $2.75 mark who will go out if prices stay and the several old producers below $2.00 are going out or reducing Supply side therefore looks robust.

Time to start topping up again