line wipe, page-4

zale,

How is it arbitrary? I admit it's not exact until final contracts and capital costs are outlined but one has far less chance getting themselves into hot water if they take the time to do some preliminary calcs.

Based on the early revenue projections and upfront capital costs required, i think it is far from certain that the project is a cash cow. The market agrees atm. My early opinion was that they would need the development to extend beyond the initial contract to justify the capital costs. Haven't changed my view there.

I also strongly disagree that just because it's a govt contract that it is somehow special. Govt tendering is competitive.

And i do believe the project will advance.