galaxy update, page-6

Mt Catlin has never been profitable in its own right so its temporary closure
until stockpiles drop should not be a significant issue.

The revenue earner/profit centre is the li-carbonate plant which
should improve as the ramp-up continues.

The ann could have given more specific data such as $/ton/grade
of li-carbonate already sold and a forecast for the remainder of 2012
to assure the market that management is in control and that the
offtake agreements are progressing as expected.
cheers
Moorookamick