Ann: Shareholder Update - January 2012 , page-5

PAID, i agree 100% re Tincom......how are they helping us in the short term to get across the line? looks like we are doing all the de-risking for them..........however the overall original timeline for Tincom hasn't blown out too much as we were forced to progress and fund the DFT ourselves to keep the ball rolling. Therefore their independent FS starting in OCT is essentially their final investment decision! DFT dwgs could then possibly be out to tender at the end of this year, with construction in 2013.

Maybe If we are struggling for DFT Stage 2&3 funding, in return for "first option" re LV 2mt plant - Tincom contribute to DFT (FID to be made within 2 months post DFT completion then open to others?) Just an idea.

Datang still on the back burner.

all imo