b2 to oldmanriver and acturtle, page-12

I have never done any sums on Mosaic, it is not one I have regularly followed. My long experience with Whicher and Amity is that gas production in Aust is a very very long road that has no turning, and this is mainly a function of price. You need to be able to sell it all (say) to a smelter, large factory, electricity generator etc to make it work. Even after newspaper reports of Amity talking to Koreans re the drilling of Whicher, their price went down and not up.

Also, the mood of the market is that nothing is recognised in the share price of any specs until the cash is sitting in the bank (dare I call this the 'Matrix Rule'?). Then and only then will the market adjust a share price. Biggest case in point at present is PSA, but market will wake up when it sees the numbers flowing.

I will have a look after Easter (as I am going away) and come back.

OMR