Here is my take>>>>>>>>>>>"Copper production has commenced"...

Here is my take>>>>>>>>>>>

"Copper production has commenced"
PROJECTS
-MT cuthbert and MT Watson projects (located 100km north of Mt Isa
-10.5 million tonne oxide copper resource and growing
-Existing production facility and infastructure
-Several New discoveries in 2006
-Title agreement in place

White range Project
Locatd 40km south of Cloncurry
-14.8 million tonne oxide copper resource and growing
-final stage feasibility complete
-Target 15000 tpa (tonne per annum) for 6 to 8 years minimum
-Major exploration success in 2005/06

"Capital structure"
shares on issue 661.6 million
market cap $58 million
Cash on hand $20 million

"Shareholders"
Independance group 18.9%
Institutions 18%
Glencore 6.75%
Top 20 holding >50%


-Copper production commmences at Mt Cuthbert by MID 2007
-Project funding in place, predominately from Glencore International AG
-Development work has commenced
-Matrix 100% unhedged and exposed to record copper prices
-Deep Yellow (DYL) commencing Uranium drilling programme on the go ...now!!
cheers Jam