bigstar

Hello Bigstar,

I would be interested to hear your intepretation of the DFS.

I respect your views in this regard and hope you have the time and patience to respond.

There has been much deliberation, both positive and negative.

The IRR of 27% I see as a positive for strategic investors as is the very conservative FOB of approx $65/tonne long term over the life of the project DSO.

Of course, we cannot be definitive on the outcome until we receive the conditions of the strategic partner, but would be most appreciate of your views as I don't think we will know the details of financing for at least two months.

Thanks if you can......