John, I agree with your view on risks, but see one more from...

John, I agree with your view on risks, but see one more from left field. It is the issue of water rights in the NT. I remember this was a big political issue there before the Labor Party won government. They claimed that a National Party member benefited financially from the grant of water rights to a property which was subsequently sold to TFS with the water rights. Although this was bought in good faith by TFS, and they have a legal right to the water, you can never be sure what politicians will do to get even. It reminds me of what happened in NSW over the grant of coal mining licenses to some properties owned by some prominent figures well connected to the NSW Labor Party. I remain invested in TFS because I do not consider the NT Government would shoot themselves in the foot by destroying the business case for one of the largest businesses in that State. Still it is a potential risk.