Ann: QPM to Focus on Gas and Energy Growth, page-172

Agree there is work to be done to firm this up. CSG has it's vagaries, as does conventional. If these things were simple we would probably be sitting at $600M MC. I have posted about the Dyno deal previously. The Moranbah acquisition simply doesn't happen for QPM without the Dyno deal, the guarantees and warranties provided by Incitec made the deal possible from a statutory perspective. TPS is part of the NEM don't forget. Same for Dyno, they rely on MGP feedstock and if Arrow had walked, that plant was screwed. The Dyno deal is a win/win for sure.