Ann: Appendix 3B , page-18

I doubt it. I'm really unsure what I'm going to do but I believe that a high probability exists that corporate action is afoot with CAZ - I think our P. range project may eventually go to the highest bidder at the right time unless a stfrategic partner is circling, possibly from HK. Up front CAPEX is around $78m. Mcmahon would not have been heavily supporting the company with his own money if we were to go alone and be heavily diluted. It'll all come out in the wash - as we all know, a trigger may be a selection of a port - either Kwinana or Esperance. It's been too quiet.