Ann: Quarterly Activities and Cashflow Report, page-14

Well you have GCY pegging next door Salpetie that is a very positive sign that CMM ground is potential elephant country (large craton margin deposits). The GCY team have proven themselves extremely good at identifying and pegging under-explored prospects in WA. Disclosure - I hold GCY. As such, I have been following CMM since GCYs' initial Elphin Bore application. CMM current posited AISC is higher than I'd prefer (i.e. >A$1k) but the multiple stacked loads do provide for relatively straight forward open pit operation. At this stage looking at a possible CMM entry I'm happy to wait for the DFS. Plenty of exploration upside for CMM if funded. GCY upside is Karlawinda/Bibra development provides for a potential synergy if they are fruitful in proving up a significant resource on Elphin Bore ground. Cheers