Ann: Quarterly Activities Report-BSE.AX, page-63

My bad, thanks for checking that. I took the figures from the investor presentation and was rushed. Misread that bar chart on p12. Being lazy and not wanting to calc the per ton costs and thought that the bar chart was my answer...... not! I also note upon review that I didn't add the corporate costs of 5m+.

So who is the puzzled monkey??? Looks like me. lol

Anyway, my recalc now brings the fair value at multiple 6 in at 42c FPO.

Still massively under valued even after the checking and balancing.

Good pick up PM.

Cheers