broker report feb2008, page-21

Another couple of observations from reading the Feb report:

- the report was commissioned by MON and RCR were paid for the report

- the production costs used in the analysis are way below the figures MK has been 'targeting'

- it doesn't seem to incorporate the dilutive effects of the Mt Magnet capital raising that is required, yet includes the Mt Magnet assets and revenue.

So MK is spinning crap and is also paying others to spin crap.

Unbelievable!