Ann: IFE Brisbane Mining 2010 Presentation , page-60

yes SP, that is how i understand it.

and yes Stagman, you are right that the announcement was confusing to most. Personally, I realised what they were saying, but it wasn't entirely clear to those that take a quick glance at it. (not having a dip at you when i say that.)

I think that the DFS will be far more accurate and concise as the DFS will no doubt identify the most appropriate conduit for sales and provide details of all aspects.

I guess this issue has arisen as a result of the JV feeling pressured to justify their delays in progress. They needed to be wide scoping with their figures and their options. Concise detail would of been waived off by the ASX.

All this wishy washy discussion and confusion is providing an ideal time to buy on the cheap, IMO. Looking back in a month or two we will be in a whole different situation.

keep the eyes on the prize, IMO

cheers
Split