Ann: Scheme of Arrangement and Demerger, page-45

I think everyone gets the 3.4b in debt. What we don’t know isthe operational detail of the mine.

Why is it not operating to the original design and cost parameters.The only thing I can recall was the ore was coarser than originally envisaged andthey had to make mods to the crushing circuit. These mods were completed.

At the original design and the current ore price they shouldbe generating approx. $45 - $50 / tonne free cash flow including interestpayments but excluding loan repayments.

They just need to tell us mushrooms what the plant iscapable of and if it can’t generate a return, ever, then so be it…. But why arethe Chinese still interested.