Ann: Extension of Voluntary Suspension, page-60

Projections you say?
Taw FS study projected delivery timeline.
Absolutely spot on.



Altura projected deliver timeline fourth quarter 2017.
The best part of 1 year over schedule.



Taw projected capital costs $42m excluding pre production.
Almost bang on target.





Altura projected capital costs.
$140m including pre development capital and sustaining capital.
Currently almost $190m in debt.



So in summary yes projections are only projections but its quite easy to get a feel of which companies projections mean something and which companies projections are total garbage.