Ann: WML: Commencement of Auger Program at Ravensthorpe, page-18

I recall Geoff saying funding was still ‘progressing’ but I don’t recall him saying it was almost done. Funding has been progressing for the better part of a year now, maybe even longer and there’s still nothing to show for it.

With this bad market and given the facts that the NPV for this project is around $270 million for 8 years while CAPEX is $80 to get it up and running, maybe no one is interested in pursuing an 8 year mine life?

I’d love to be proven wrong for all our sakes but I don’t think it will be a merry Christmas in the ANX HQ. More likely a quiet one, like it’s been the last 6 months, quiet.