new ceo, page-8

Just something to add.

They will also need to start putting the plant together by Sept/Oct if they want to keep to their concentrate target production of mid 09.

Keeping in mind that they will take between 3 and 6 months to get fully ramped up this will take them through to 2010.

If the analysts are correct on the zinc price then the first full shipment should be ready some time around the determination of the 2010 yearly zinc contracts(if there are no delays in the negotiations as there have been this year/perhaps due to the big fall in the zinc price/payability has also been a big sticking point this time around I believe,with miners wanting higher than the usual 85% given the tight margins with a much lower zinc price)

Something also to be considered is that Scott Lowe will be very motivated to move this according to the targets given that he has obviously been offered the incentive of MD(with that big chunk of 500K plus a year)from CEO if all goes to plan.Wont be easy but its not a bad incentive to kick things along and he seems to be doing a bang up job on Florys mess at Perkoa.

We might have to give SL the endearing name of Wyatt Earp eh Hoof!

d.