presentation, page-5

Candlecnd,

My numbers come out around the same. However with the high grade zone at Zeta being processed first, shouldnt we see a higher output than 24kt at the start. I get roughly 34,000tpa Cu using 2%. This will improve the initial payback.

Also this is only processing 2mtpa, and it may be 3Mtps yet.

The mine life is starting to improve as well.

I am not a geologist so my figures may be wrong, so would appreciate your feedback.

Fox Davies target of $1.96 is starting to sound too cheap.