overreaction???, page-19

Bit unfortunate about how the results were released but by law they had to state any market sensative results, even though Niton results are not JORC compliant, they still had a duty to report the results.

The placement I feel should have been deferred to the results were all in though, as looks opportunistic.

TO me this a chairman issue not a MD issue.

I know its premature but I got an after tax NPV of $650M for Cascavel obviously had to make some very rough assumptions.