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Yep, we've got to be cautious about the macro issues DDzx, but one should not just rule out CAP away because of its monetary/JV risks at Hawsons, because it has arguably a more valuable asset in QLD. But, yes, I do agree with you that magnetite projects are exposed to more risk in a receding economy.

Actually its good of you to join us! I would be interested if you have an opinion on how much coal GUF and CAP might be looking at defining over the Hughenden prospect. You're pretty good at that sort of stuff. Your thoughts? There's a recent thread with 'hughenden' in the title if you want to see a few of the numbers I've been crunching.