fundamentals changed, page-6

"The company must have something up their sleeve to keep on stating production in 2013....surely the would have learned from the backlash around DFS timings not to lead the market along"

Simon - no need for something 'up their sleeve'.

What the company has learnt is to use language carefully (ie ambiguously). Thus, the 2013 commencement targets always have the rider 'subject to permitting'.

With that, they can use any date they like - compatible with other constraints (mine construction, funding etc)without being 'misleading'.

If a miracle happens (NRC suddenly reducing its assessment schedule by at least 6 months) together with Strata winning the appeal and all other ducks (feasibility, funding, no mine construction delays etc) lining up, we get production in 2013. No probs

Buit even with no miracle, lose appeal, other issues etc, with consequent production start in 2014 or 2015. Again, no probs (delay not due to us - due to not getting permitting).