Running discussion on SP, page-9809

They are not working towards a feasibilty study they are going to produce a scoping study. There is a significant difference in terms of time and resouces required to produce a scoping study vs a DFS. The timelines for AVZ are important IMO as the sector has peaked in the mid-term and will also be very sensitive to the US markets which are showing signs of exhaustion IMO. A US stock market correction would knock this sector very hard IMO because after ETFs have been created over companies in a commodity sector like this they tend to be the tails that wag the dog, despite all the talk about ETFs being market tracking products. It has been proven time and time again that these derivative products do more harm than good to the underlying businesses and markets that they are supposed to be trying to match. Esh