""Mr Rechner was reported in 2003 as saying the value of the Myall Creek deposit was estimated at $3 billion.
"Our (computer) modelling and the results of our exploration lead us to believe that a healthy and economic deposit similar to that of Olympic Dam and Prominent Hill is within reach, inside the boundaries of our leases," he was quoted as saying in the Sunday Mail at the time.
The company's shares trebled the following day. The company was quick to blame "exaggerated" coverage for the price rise and said the project was "not economic in its current form".""
