Reserves and Resource, page-37

Bill being cagey on the call regarding Tanami...he seems to rule out any divestment when probed by BAML. Again, despite all the rumours/doubters he reaffirms his commitment to the TAM. Something is definitely brewing, either another takeover attempt or a decision to mine.

Sophie SpartalisGood morning team. Just two questions from me. Firstly, Tanami; can we get an update there as to what you're thinkingtiming et cetera, say that you're putting a modest amount of capital into the asset this year.

Bill Beament, 'Executive Chairman'Look, I won't comment too much on Tanami to be honest.I'll just say that this current gold price we're just reassessing the numbers and looking at that -- from that point of view,but that's all I can say at this point.

Sophie SpartalisOkay. I guess, Bill, you're being a little bit cagey today on the call. Is it and -- do you see an appetite for divestment inthis environment? You seem to be doing a lot of technical work and a lot of shoring up where the value sits in thecompany.Let's put price aside, but just in terms of the market at the moment, obviously, there's a lot of pressure to buy things inthis environment, but was -- is it also a seller's market as well?

Bill Beament, 'Executive Chairman'Look, I don't t see any pressure in the market to buy stuff that's -- I don't know where that's coming from, definitely notfor us, might -- maybe for others. We've got plenty in our portfolio to keep us busy. No, we're not showing things up tosell them at all. I just -- it'd be remiss of us as executives of this company not for review our resource base at -- at thisgold price, 2,300 yesterday and 2,253 this morning; that's a fantastic price and there's huge margins to get from ourportfolio.