Ann: Company Insight Interview - Updates Wilcherr, page-10

re: Ann: Company Insight Interview - Updates ... Of course he's not reporting as the same league as fortescue. Hes just saying if people are willing to put in $$ billion in debt funding that there must be some level of confidence in the industry for anyway to put in that much money.

Many on here are saying he's got no chance of raising debt. He's highlighting not to write that off.

Im amazed to see IO price nearly hit $120 today ($119.32). Theres obviously volatility and the work the team putting in to ensure that its viable at lower or higher prices can only be good.

Agree that with many (including me) having paid $1 IFE hasn't been a great investment. Doesnt mean that its not a great investment at 25c. Still I'd rather that it wasnt said. Its unsubstantiated and tends to annoy many. Best not said.

$15m isnt much if there is a quick return on the investment. Doesnt matter on the market cap. Total matters about what the costs are and what the sale price is. If you can pay it back in a year or less (including interest) then its achievable. If they can make a margin of $30 per tonne and ship 1 Mt, then should be good.

As for the costs and what they are or aren't assuming, it would be great for clarity there. I can only hope that upon the outcome of approvals (either way) we are presented with the revised total operating costs. Maybe there will be something in the next progress report? (Too early for govt approvals though I think).

Believe that we are all upset about the current SP and that shipping hasn't happened. Believe comms havent been great.

However as unpopular as it is to say it here, I do believe that we have a viable company, and actual some sensible experienced management, despite some slip ups on the way. The comms seem to be getting better, though I am yet to see anything concrete or financial which is what Im really after.

Im not happy about the SP Price, but am happy with the strategy and hope that in the future the SP will be much better than today.