Fastmarkets MB, page-7

Redsceptre,

I'm not sure what your point is ?

Is it that you believe from the update that it is standard in the resource industry to sell product that doesn't exist yet or is it that the wording latter in the Update has confused the interpretation of the first dot (and two sub) point of the Update?

If it is standard practice to sell product that hasn't yet been made (as October's production would not have been) do you know what the industry standard process is if you don't make what you have sold ? Eg., does the money need to be paid back? does it roll forward ?

Yes, the picture shows some concentrate in the Karumba storage shed. Understanding that the photo does not show all of the shed, but presumably all of the concentrate (an assumption for maximum effect of the photo), and that the shed is quoted as having a capacity of 80,000 tonnes one can estimate from the visual as to what % of 80,000 tonnes is in the shed

Z