Fattail Investments Recommendation, page-13

well you wouldnt factor in Townsville yet - too far into the future.
Nacchu - well there again probably be a few years to get the infrastructure going so again not really much to factor in - unless of course those offtakes come to the surface thus allowing a fairly speedy works program in a short time frame.
NY - that has been the catalyst for a while and now that production getting closer market is having more faith than per previous ANN's cause they can see things actually happening and construction occurring as we speak. the US LISTING WOULD ALSO BE A huge factor atm. all IMO