anyone worked out costs?, page-31

Hi Ausheds,

I thought the quote from Gareth was good too.

I think we have discussed the lack of a market for REE's before. Totally agree with the challenges this causes.

What I do feel with the figures produced by CUX management for the wet and dry processing they show that they are good to there word and at the gate the costs would appear to make Charlie Creek economic.

I believe that of course the .45cents for a tonne of wet processed ore is a wide average and will depend on the grade the company chooses to produce from the wet processing.

I think we are getting a bit ahead of ourselves with respect to the final processing as we really have no cost figures or what is intended to be produced in the final carbonate produced.

Therefore, I would suggest that for the moment that we focus on the costs of the wet and dry processing and I believe they are within the envelope of allowing economic exploitation of Charlie Creek.

I am very interested in the concept and costs of the production of the high cost carbonate and look forward to those figure being announced in the near future. I think that when they are produced they will give me far greater certianty with respect to the viability of Charlie Creek.

Anyway as always people should DO THEIR OWN RESEARCH and not rely on any comments I have made in their investment decisions.

Thanks for the reference to Garath's article. I would like to see his article with respect to the Australian scene.

I don't think it hurt to use 35% rather than 25% or 30% as it gives a bit of a safety margin.

Cheers,

Stoops