miners presentation 17th june, page-2

Spent about an hour with Peter after the presentation.

Since the election, the NSW state government changed the process for all major works projects approvals. We are in the new system now, and would expect a result perhaps in the next 2-3weeks, based on the length of time others have taken under this new system.

Financing narrowed down to two parties (wasn't able to say which two).

Been flat out behind the scenes, so that when approval comes through, it will be an extremely quick transition.

It is my opinion that the next couple months will be pretty exciting for CRC shareholders. Got some more at 13.5 this morning.