anyone else think this is going to go?, page-11

extract from ASX ann: 24/10/04

Managing Director of Bemax, Mr Tony Shirfan said Bemax had already secured ‘offtake' agreements for the Pooncarie Project with a number of parties, including the world's largest buyer of titanium feedstock.

"The agreements, which are unprecedented in the market, cover production from the first five years of mine life with further options to extend another 5 years of the mine's 16 year life expectancy," Mr Shirfan said.