So what was the market environment like at that time Gibba? Was it a "hot" market for new raisings or was the heat coming out of the IPO market in Oz at that time? Another point you raised a while back was that big magnetite deposits are "a dime a dozen", which is of course true. What these other potential other deposits don't have is, of course, access to infrastructure. I'm not saying it's a done deal, but, it does look likely that they will be able to access that rail line. Agree with you to a certain extent on management but at least they are showing willing to forgo personal benefits to get the project up and running. I guess your view, as opposed to mine, is what makes a market!
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