Simple Math

32,500 tonnes@.42% Ni

recoveries 80%

tonnes to lbs multiply by 2205

Xstrata - use 75%

Ni $8.50 lb

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16,278 tonnes @ 1.17%

recoveries 89%

Xstrata - use 75%

*********************

Redstone development done.

mid Aug we see the financials for 2nd quarter

Jun was at full production

Lbe plans to start paying Chinese in Sep for short term debt