concerns vs confidence, page-41

Hey Westcott,

Your thought processes are very thorough, and quite properly ordered as well, and entirely accurate. Were you an engineer in your working life?

However, I do understand that the project is part of a much bigger picture which is very significant to Cameroon and the region.

But in a financial sence, I dont care about those details (althoug I concede they form part of the overall view), and I expect that the majority of investors (except those ethical type investors) think the same way.

But when BFS comes out, the financial outcomes are dumbed down to such an extent that the details of the project are lost.

What everyone will focus on is, NPV, payback time, cashflow, dividends, time to first shipment - most likely in that order as well.

When the BFS comes out, will anyone be thinking about the EISA? Or how many species will be wiped out because of this project. I think not.

People will be people, follow their instincts and seek out the greatest gain for themselves.

The line of least resistance is sought by the financial community to make investment decisions. The easier it is to make an investment decision, the easier it will be put their hands in their pockets and put the cash down.