Mermaids, page-5

...Jaya will certainly make a loss at the EBITDA level in 2015-16, again in 2016-17 and wont make a profit until the oil price rises sufficiently for the offshore exploration business to start growing again. There is, and will continue to be, very stiff competition for work; the non-Australian business is fully exposed to international competitors.

So the value of the business is the market value of the boats and what do you think they are worth today?