Footnote: Sorry to spam but I forgot one point regarding the BCI...

Footnote: Sorry to spam but I forgot one point regarding the BCI divvy...

I believe that IOH has delivered to BCI a good chance to keep up that robust divvy, firstly our cash balance helps a little but more importantly the risk free cash flow out of Iron Valley helps with the probability of the ongoing divvy. This gives me great confidence in holding BCI in addition to their already great track record.

Buckland is a different story - let's hope they don't go into debt on that project, but again BCI have a good deal-making track record so I have confidence that it will come together with minimal debt & IOH may already have a partner lined up you just never know...