I get where you are coming from. You do seem to be missing the...

I get where you are coming from.

You do seem to be missing the obvious however. That is the JV with Wei Hua for a steel mill which had a one year contract from what I remember.

Initial outlays for getting the prefeasibility, conveyancing, travel, permits etc etc etc is not going to be cheap.

We are at the start of a business which is always the most capital intensive stage.

I don't envisage management spending the prodits on anything but expansion for the next 4-5 years.