Jimmy C I had noticed the $9 m. Yes agreed I think it is...

Jimmy C

I had noticed the $9 m. Yes agreed I think it is somewhat understated.

I have scurried off to change my own DCF and EVA modelling. Somewhat selfishly

I've found IMF-Bentham awkward to model. I had thought my gearing calculations to be sound & congruent - which are derived by write-back of most of the IMF-Bentham accounting.

I am not satisfied I have got this right. So I must correct this. Certainly thanks to your & Portfolio's work, and your super DCF.

So as a trifling too you omit the small interest IMF-Bentham earns on it's pile of cash, which I thought was okay, as you do not bull-dose through the capital structure, as I so tediously try to do, trying to unravel the capital cost, capitalised into LCIP