what is holding up fid, page-5

supercruiser,

To put some numbers around those thoughts of yours.

For argument's sake, I am going to put a value of $200m on Kanmantoo - adjust this up or down depending on your view of the future copper price.

So at $200m, at an opportunity cost of 10%, it is costing $20m pa to hold this asset that is not producing an income.

Or, over $1,500,000 PER MONTH.

This huge figure makes Drew's generous package look modest.

So, the case for stalling for ESG over the last 12 months must be pretty compelling. Remember HGO turned their back on a JV deal...

MINE IT OR SELL IT. But time really IS money.

Yaq