Agree.No risk No reweard and sometimes we need to be a bit gutsy...

Agree.

No risk No reweard and sometimes we need to be a bit gutsy to egt glory.....but looking at what's been happening i need to be a bit realistic as well!

Year 2007: total rev 209 mil with NPAT of 16.6 mil
Year 2008: total rev 336 mil with NPAT of 24.5 mil
Year 2009: total rev 415 mil with NPAT of 20.1 mil
Year 2010: total rev 223 mil with NPAT of -10.6mil
Year 2011 so far in the project outlook: 17.8 BHP Newman + 4 mil Port Hedland+ 11 mil Kunnunura = 33 mil

"6 person in Total Key Management" Salary and Compensation 2010 = 2.6 mil + Short term benefits for Directors and Executive and other admin and operating cost......the cap rasing will perhaps enuff to burn for the next 6 months given the rate of project strike rate at the moment.

Still plenty of time to buy IMO after the dilution (if NOD is goin to improve), for the time being, i'll just keep an close eye on it.


Cheers and Happy Trading