Ann: Confidence in Gladstone Steel Plant Project , page-5

re: Ann: Confidence in Gladstone Steel Plant ... the market is completely ignorant to this one.

Great positioning at these prices.

Understandable, that they havent done any presos since 2009, and the feasability, has been pushed back seat of market awareness.

If they come out, with great economics, of a plant well costed in todays environment, potential to attract a lot of dis-ollusioned BSL holders.

Big re-rating for this, assuming they retain a healthy chunk of the pie, but, its all about bottom line, profit margin share compared with MC, and any debt/equity finance participation required.