re: Ann: NSW Mineral Exploration and Investme... Solid...

re: Ann: NSW Mineral Exploration and Investme... Solid presentation. Well done Nick, this preso is a marked improvement over the most recent one.

Just a few points...

1. Why is the South Australia port capacity now just 4MTpa as per slide 20. I thought this figure was closer to 5/6MTpa?
2. They're pushing the "free CAPEX" thing on slide 25. They seem quietly confident in the JV getting back on its feet.
3. The start up CAPEX for stage one is $1.8B.
4. Slide 32 reflects the perks of the soft siltstone in Hawsons, which is easier to grind, thus requiring less power.
5. They seem to be considering shipping out of NSW, but I hope common sense prevails and they just go with SA.
6. Slide 38! I think they've been listening to us!

I might try and contact Nick over the next week or so to see if they are seriously considering shipping via NSW, because the extra costs just doesn't seem worth it. Apart from that, its nice to see that CAP have published a strategy at Hawsons, at long last!