Clermont had 100mm - certainly no floods. Everything is moving...

Clermont had 100mm - certainly no floods. Everything is moving along as it should, albeit slower than they had originally told us. I always thought the original program notified to the market was optimistic but I didn't want to put a damper on enthusiasm for the SP.

As for when they get on the ground, nothing will go perfectly. There will be delays, maintenance issues, onboarding of personnel. I've never restarted a coal mine, let alone the oldest one in the country, but I have recommissioned other plants and have built a coal mine and its always takes longer than you would like. The important thing is that they get there and achieve steady state with a predictable cashflow back into the coffers. Then the SP ought to really hit it straps. In the interim, I believe they are undervalued - hopefully we will see a rerate after the quarterly.