Q4 Earning Discussion Area, page-75

NAL has had high iron contents to deal with. This may have been satisfactorily resolved.

They are at or within product specifications expected from the ore body and have been for some time now, the back end of the plant has been performing well, so I doubt there is much more they can do on that front and product will be priced accordingly.

The Spot price end of the market is extra volotile , great to be in during a boom not so good during a bust, that can only be addressed by an OTA which can have other issues including the process of product qualification which we are going through at the moment.

The basics don't change, we need to sell at a higher price than the cost of production , thats being adressed to the extent it realistically can be IMO and being done by people who know a lot about mining and producing concentrate. Beyond that we need people that understand refining and are better equipped for finding finance required etc..

Cheers Whisky