Well it is out.A pretty solid result, with excellent news on...

Well it is out.

A pretty solid result, with excellent news on costs, and additions to cash. Very much focussed on Australian operations at PH and Big C. $20million budget allocated to progress Big C, is very small cost at this stage.

Most of what we knew already was in the report.

Graphs in the report/presentation seem to indicate that the SP is lagging commodity prices a bit.

I was surprised to read the following "The Company also withdrew from the joint venture over the Pichasca Project located in central Chile". I don't recall seeing this announced. Where does that leave us with exploration in South America.

Doing some more work in Cambodia, but it is also under review.

Good to see the expected impact of Carbon tax estimated (about $10million per year) and it is lower than I expected.

As I said before, a solid announcement. Should do no harm and only good.

Regards