future sp fa valuation principles, page-35

"And you live in Australia OMG, you have chosen to be a part of our workforce because there are opportunities here that were not available in Malaysia."

Yes that is right there were more opportunities here in Australia in terms of work BUT still when we migrated here our family was very very poor. Given the opportunities we as migrants in our adopted home country still need to work hard to have what we have today. And indeed if we didn't migrate to Australia, we wouldn't have an opportunity to work at Ashton Mining for Mount Weld. I am grateful for that don't get me wrong but to accept and JUST BE SATISFIED with the Australian workforce today means accept mediocrity and SHUT DOWN our brain for IMPROVEMENT. No its not OK, I love my country Australia and i feel we can become more competitive and more innovative then just digging stuff out of the ground. If you love your country as much as i do, you would strive and wish you country to become better and so that all Australians can enjoy better services and higher quality of living.

I am deeply troubled by what I see. Look at what is happening now United Group an Australian Company when building LAMP Phase 1 was Over Budget and overdue by 1 year. Now Lynas has employed an Asian workforce to build phase 2 and what would happen if this Asian Workforce build phase 2 in time and within Budget?

1) Who do you think Nick Curtis will employ again for Phase three? The Asian workforce or Australian workforce?

2) What would happen to future investment dollars when cash rich countries can choose between Australia or Mongolia to invest in iron ore/copper projects etc?

I feel troubled that my country only know how to dig iron ore out of the ground, sell the ore to steel mines in China and then China sell back to us at higher multiples OR Japan uses our iron to build cars and sell it back to us as higher value products.

Please think at a deeper level of what i am trying to say then take what i say at face value and get insulted. The world is a Globalized economy and its becoming much more competitive, I am troubled that our south east asian counterparts who are willing to match us in skill, willing to work more hours and undercut our margins. Where would that lead Australia in the future? What would happen if the investment dollars don't come to our country and the unemployment rates go up? By then we will be in real trouble and by that time its too late.

Australia need to get more competitive, move up the value chain with innovation which i believe they can OR else they will be left behind while Asia,America and the rest of teh world moves forward.