Ann: Presentation Noosa Mining Conference, page-2

Just saw it by accident, have been dropping in and out all day, I haven't been tracking this one for a while, but it seemed like a solid no-nonsense talk. My impression is that management have made very tough decisions and re-wrangled the rather ordinary project that looked like it was in the middle of nowhere and was never going to be built, to something that could conceivably make money, wherever possible it seems like they have been conservative and gone for the lowest risk option wherever possible. If that grade uplift they were talking about comes to fruition this could work out to be a decent project, obviously still a long wait for finance and construction but at least a lot of the permitting leg work is done or on the way to being done.