Ann: Full Year Results - Investor Presentation, page-13

It is, particularly when there is already tightness emerging in the crane industry. And this is even before Adani has even started (scheduled to commence October) and a number of new mines are commencing construction in the next 6 months (peak crane demand). Unlisted crane operators are starting to see customers roll over contracts a year before expiry because the big miners are worried about insufficient crane supply once those mines get going. Phase 1 of the cycle has commenced with increased utilisation, incremental price uplifts and contract renewals becoming a given. Adani alone will drive crane rental returns up materially, particularly given its accompanied by strong infrastructure demand, maintenance capex and wind farm work. Confluence of factors which means you want to hold onto BOL stock until its share price is capitalising these peak returns at peak multiples (I.e north of 90 cents).