Break Even???, page-7

I think that is a very good question to be asked of the directors.

We get about $US.85 premium per tonne. If the premium was 20% we would get $US12 per tonne and we would break even (with depreciation).

I have been saying for a long time that we are getting little or no premium. I think this is because Ansteel is our sole purchaser of KML product.

I wonder if KML started to sell it on the open market if we would get a premium. Maybe, maybe not!