email to btv, page-18

re: relax.. A mate of mine went to that Gold Coast conference yesterday. He says Durack was pretty confident about Deflector. One of the studies being done for the BFS has confirmed that the mine is open pittable for the first three years, compared to what originally was only about 18 months. This should be very positive for the BFS. Also, they have an offer on the table from at least 1 bank for the development finance.

Apparently spent quite a bit of time on the Brandy Hill iron ore prospect. He seemed very keen on this aspect also.

So, I think insofar s Deflector is concerned, production in 2007 is definitely on their agenda.

As for THR, my bet is that it powers over the next 2 weeks. Let's see.