presentation, page-6

Chris,

It is cheap. No doubt about it. I think your/my numbers are about where t is, but with upside not attached.

But it is all about time and copper price.

The closer we get to production the higher the sp will be. It is simply that simple...unless unknown unknowns come into play.

Completion of PF should kick it along, and with BF completed by this time next year, probably around March in the end, you should then see the SP number you quote.

They are clearly very focused on the existing resource at the moment, suring it up and putting $$$ and costings and all that around it.

High qulaity project in an excellent location.

The sp has been around this level before. Seems to be consolidating here...when it moves again it could move quickley into the 70's / 80's....depends on timline and price of Copper.

Did anyone go to the presentation yesterday?