 And thank you Tracy, I concur Mark's comments about this conference and what you've achieved here again for the fifth year and I'd like to see you keep going. Now I'm going to compress into 10 minutes or 15 minutes if I'm allowed, 15 years of very very hard work on what we call the Dubbo's Aconia project and as you see when I get into it it really isn't just a Aconia project. So just a little snapshot on Alcane first in case you don't know us, we're an ASX OTC listed company. We are totally focused with one region within what we call the central west of the state of New South Wales in east of Australia. We are a multi commodity company so we don't believe in just being single minded about gold, base metals, rare earths, rare metals, we have a multi commodity approach to our operations and that's why we're still doing very very well today. That's just a bit of a snapshot so the top there is our first half year 2016 financials. We generated substantial cash flow from our gold operations, we're making a profit. Most of that money is being channeled back into what we call the Dubbo's Aconia project, the DZP, to advance it to a point now where it's ready to go into construction and so the rest of the talk I'm really going to focus on the DZP. So DZP as I said located in that central west region, it's about 400 kilometres from Sydney, it's an area of major agricultural development activity, it also has some major mines and down in the bottom corner which I'm not sure I can see is the Cadia Operations of Newcrest, it's one of Australia's largest open cut underground gold copper mines, so it's a part of the same region. The nice thing about this region to operate is it's all the infrastructure, it's got roads, railways, gas pipeline, water and major power infrastructure and our electricity charges in that region are very very low, some of the lowest in the world. The project itself is a very very large resource of those metals, zirconium, hafnium, niobium, tantalum, yitrim and rare earths and as a resource it's got an open pit life of probably 80 to 100 years, we've got a second deposit nearby which has a similar resource potential which we haven't bothered to even explore at this stage really because why do you explore when you've got something that's going to last 100 years to start with anyway. We've spent a lot of time developing a flow sheet, I'm not going to talk about the resource but just focus on the flow sheet and the products that we're going to produce and we have been using and working with Anstow, Adrian mentioned them before, basically they are Australia's premier research facility and we've developed a commercial and technically viable flow sheet with them particularly over the last eight years and running a large scale demonstration pilot plant. There's the flow sheet, in a snapshot it's just a sulfuric acid leach process, it's a whole of ore process, we crush and grind the rock, we mix it with sulfuric acid, we heat it up and then we rinse it effectively with water and at that point all of the metals that we want all go into solution and then we have various stages of solvent extraction, chemical precipitation, separation to produce the sweet of products and if I start on the top right and come down you can see ZBC which is a zirconium basic carbonate, a zirconia, a ZRO2 which we derived from that and we also can make advanced and zirconia products like mixing with yttria to produce yttria stabilised zirconias, now that product coming off the zirconium stream currently is about 99.9% ZRO2, it's very close to nuclear grade, I don't think anybody else has ever done that in a solvent extraction plant anywhere in the world and it's something that we've really mastered over eight years of running that pilot plant. In the last two years we decided to go back and look at hafnium, hafnium normally reports with zirconium, normally our products would have hafnium in it, the growing interest in the aerospace industry and industrial gas turbines for hafnium and special alloys made us go and look at it and we can actually now also produce a hafnium oxide product which we're looking to refine further to use in special alloys. We also produce a ferronoabium product, we're working in partnership with Tri Barker on that, the Austrian company and they basically look after all of the marketing and sales of the ferronoabium. On the rare earth, simplistically what we produce is a rare earth concentrate on site, it's about 95 to 98% REO, we actually produce a chloride and the reason we produce a chloride is more for the downstream applications of where it goes than any other specific reason and you can see on the very right hand side the current flow sheet has what is planned on site. In this case we'll remove lanthanum serum, we see no value in extracting lanthanum serum commercial at this stage to sale the cost of freighting from Australia, basically a worth more or cost more than the value of the raw material at the stage. We also will extract yttrium on site and the reason for that is we can use yttrium in our zirconium products as I mentioned yttrium stabiliser conius and also we have yttrium markets in the ceramic industry. The central group of rare earths and this includes both light and heavy rare earths, basically we'll go off to our toll processing partner which I'll mention in a moment. So the project is basically built around it being a polymetallic or multi-metal project and you'll see in a moment it's a very very robust financially because of that reason. So on our product output, so this is from site, we produce that rare earth concentrate I mentioned as the conium products, the hafnium product as a concentrate and then ferroniobium. On the hafnium I will add here that the current market I don't have time to go into all the detail on that but the current market is about 70 to 80 tonnes a year of hafnium metal. At our basic startup process we could produce 200 tonnes a year so you can see we have a market dilemma there but our initial concept is to start at about 50 tonnes per year. So this is the rare earth circuit so from site on the left hand side you see that what we call the rare earth concentrate lanthanum serum removed on site, yutrim removed on site, all the other other rare earths and we do have the full spectrum of rare earths this isn't just a particularly a light rare earth project or a heavy earth project all the other rare earths go down to our partner they get toll processed and separated and you can see the distribution I'm not going to rattle them off there but the four most key metals amongst all of those are the magnet metals the ones that go into making the permanent magnets praise adenium neodymium and further down terbium and dysprosium. All of the numbers that I'm showing you all these numbers have been generated from operation of our pilot plant which has been going for eight years so these are mass balance real numbers real recoveries they're not figments of our imagination they are real numbers that and these are the actual volumes and tonnages that we will produce. On other off-take agreements I mentioned before we had an agreement with Tri Barker in Austria to take all of our ferro and obium and market it. We are sorry we are very close to producing and announcing a sales and marketing agreement for all of our zirconium product and that should be completed sometime in the next two weeks or three weeks. The off-site processing career as I mentioned and we're in deep discussions with many end users around the world we've been doing that now for four or five years on all of the output and all of the products that we produce and just going back to that that matter of the zirconium as I said the fact that we can produce now very very high-purity zirconium takes us up a value from the basic normal zirconium products that one might see involved in the ceramics or refractory industry we'll actually produce something that's significantly greater than that. Our partner our partner on the rare earth processing is a company called Vietnam Rare Earth based just outside of Hanoi they've been operating since 2012 they have a very up-to-date state-of-the-art processing plant about 4,000 tons a year producing separated rare earths and they have markets which they are currently selling into Asia so they've got certified products they're selling into Asia. They've also recently built a metal plant at Hai Fong down at the Mainaport City and they're producing a number of rare earth metals again at certified quality and selling them into the Asian market and the next strategic plan on top of that is to go the full hog and build a rare earth magnet plant. They are surprisingly you might think Vietnam's a very third world country and it is overall but they have some very highly sophisticated technical operations in Vietnam. Samsung the giant Korean company has an investment of about 13 to 15 billion dollars US into both a mobile phone plant and a television plant and obviously they work on the basis of the cost structure there is very very favorable and on the bottom you can see the note I've left there the cost structure in Vietnam both capital cost and operating cost is less than China so for us today producing our raw material of onsite at Dubbo we can actually go back to the market by selling rare earth separated rare earth products and alloy separated alloy products at less than currently what are being supplied by China. So a little snapshot said I don't really have time to go into great detail very diverse markets very great applications across the board and new technologies and clean technologies. Zirconium used in AutoCats of course thermal barrier coatings on turbines right down through to ultimately to cubic zirconia jewelry. Haftium fascinating metal its demand has been limited by its supply it's a pretty strange statement I know but basically the supply has been limited so the demand has really hasn't been able to get get going. Our discussions with the industrial companies for industrial gas turbines aerospace indicates that when Dubbo comes on stream there's substantial applications that can be expanded into and many other things happening in the haftium world. Niobium we know basically steels in the rare earth sector I really won't go into a great detail at this stage. What is important financials we've completed a detailed feed study front-end engineering and design studies of the plants about 30% fully detailed design we ran the economics again in August of last year we run them regularly and the pie chart you can see shows our revenue distribution according to output I should say that the prices here that we use these are current spot Chinese prices there's no escalators on this no escalators from rare earth no future escalations niobium prices the current niobium price zirconium prices current zirconium price haftium one's a little bit difficult because the haftium spot market is currently 1200 to 1500 dollars a kilo we've picked the number around 800 is a long-term sustainable price so you can see the economics yes it's nearly a billion dollar project but the revenue stream it generates the cost structure it's got it's a very substantial cash generating project it has an NPV today of about 1.2 or 1.3 US billion dollars I'm not going to dwell on that the presentation will be available both on Alcane's website and I'm sure elsewhere afterwards but to find and finish up on DZP Advantage what we call the DZP Advantage the key advantage is this polymetallic nature so we do not rely on one particular specter of our output like rare earths we don't rely on heavy rare earths as you saw in the pie chart earlier the distribution of revenue is spread throughout the project and really it and its cost structure it makes it a substantial and very viable project what I do want to leave you with apart from mentioning the disclaimer one has to do these days but the last one which I think very very pathetic statement is Alcane today the only only rare earth company generating a profit thank you