marampa project npv, page-9

Im sure i have read that if we dont get fair value for marampa and the IPO is unsuccesful that Cape Lambert will develop the mine themselves.
The current conditions in the advanced developed nations may be depressed at the moment but the facts are that the emerging economies have a long way to go before they have fully industrialised therefore we should not sell marampa at a time when the assets would sell below fair value.
Patience is needed here.