I have a slightly different view on the KML project. As the...

I have a slightly different view on the KML project. As the engineers always tell me anything can be fixed with time and money. GBG doesn't have the money and with Dale at KML full time some of their expertise is in the entity, so the asset sale (depending on the price) is the best outcome. I don't believe and still do not believe this company was a "dog" at a 130-140 ore price. The issue was fixing production, which if it did occur might of resulted in a large share price increase. The project became more complicated and the issue was not resolved.

So I blame the performance to risk factors in the actual product not management. However, if they were to sell why on earth would we take on another project?????? In KML we had a strong partner with an interest in providing equity, a very low interest rate on the project debt and a bullish iron ore environment.

Today we have a bearish iron ore market, if we sold we don't have the Ansteel relationship (just my opinion I know they own 40% of GBG), we most likely will not be able to get bank funding at the interest rate KML.

I am very interested to hear anyone else on their appetite to move onto a new project given the current situation. Although with the concentration of shareholders and Ansteel with a 40% stake our voting power is worth little to none.

This is all assuming the asset review is for a sale and not just an impairment.