Ann: RE Separation Pilot & Customer Engagement Update, page-54

Thanks. Look I am keen hence why I am on this thread not others. I have stated $1.3bn as always the CAPEX blows (show me a mining project that has CAPEX going down not up as it progresses) out so best to set your expectations higher. The great thing is ARU has $25m cash at the moment. At a guess it will need $200m more to unlock any debt it arranges hopefully this year. I wonder if any of you had a chance recently to speak to the MD direct to get an understanding on how he will get that? Once that's sorted we're away.....