14.5cents, page-10

My guess is they want to make a lot of monies, from holding the shares, arranging for the secured loan notes, selling the notes to sovereign funds and pension funds. After all, like what I have said before, this share has the potential to increase its price by $1 each year for the next 30 years. If SDL can secure finance without a big brother from China and other steel mills, we can sell at spot price/quarterly price and has a profit of US$80 per ton which at 50MT generate US$4 billion cash in one year, more than enough to pay off its AUD3.3 billion loan.