valuation, page-28

Eyeover

Wouldn't knock what you have said. However you have not mentioned the substantial dillution that has just occurred. You have not mentioned the huge dillution or debt that will occur, for the Company's half share of the JV capex.

The timing is unfortunate. Our share markets turning weak. Greens getting power. Four years taken already, and by the time it gets to market, if it does, probably huge supply demand shift. Don't beleive that being pig iron will help.