Ann: Fourth Quarter Activities and Cashflow Repor, page-2

re: Ann: Fourth Quarter Activities and Cashfl... Any thoughts anyone?

Great to see cash-balance higher than expected. 64c of cash-backing now. Royalties will start showing up in the current quarter, plus interest on or $225m cash balance will also contribute nicely.

What this means is that anything else is all upside.

The WD update was the same as in the PLY update. Would have preferred to see more about this, but happy to be patient for the time being.

Haven't analysed the update on CLoncurry/Hazel Creek in detail yet. There is a fair bit there to digest, but not sure if any of this in new information. Hopefully I will get some time later on to have a proper look. Would like to hear thoughts on all this.