Hey sport, I suggest you take a look at some of the coal and...

Hey sport, I suggest you take a look at some of the coal and iron ore mines that were created during the boom....

CITIC spent over $10bn on a dud magnetite line that has done nothing but make losses. Karara in the Midwest spent about $3-4 billion, equally a lemon whom had its written down value put to $0.00. Just because it cost billions to construct doesn't mean it's worth a cent if it runs at 100s of millions in losses every year.

Don't become emotional with spec investing. GLNG is only being held up by Santos's others assets which are quality. The problem is the sheer size of GLNG, thus eats away at the company.