working capital facility and project update, page-6

personally regarding surda I believe irl have no choice but to put in decline and expand production to 9000 t/pa to make surda well and truly profitable.

with mk out the way hopefully negotiations with hcl will be sane and sensible to ensure irl have a clear profitable margin going forward.

I trust that will be the case. hcl have clear benefit for this to happen.

irl r lucky they have teamed up with pebble. diversification will secure irls future. eion and andrew r proving imo to be sound business men.

going forward irls sp is good value for the future.