old news, new news, qtr 1 2011 looks good, page-79

Thanks and great post from you Brenden. Like you say, Ferreira is short term (about 3 years). It came producing with the Mashala acquisition.

What does it matter if it's operating at margins of $60pt, $40pt or $20pt? It's all profit! I just cannot fathom why anybody would want to question the margin at all. Margins are important if you want a return on your capital. Here there was hardly and capital paid for Ferreira, as the Mashala acquisition was all about the other MUCH bigger plays.