"But if you value this on what it would cost someone else to get...

"But if you value this on what it would cost someone else to get into the same strategic position that is a different story."

Capital comment Capital Raising! The patient and well-funded development of what was identified as a strategic advantage back in the mid noughties has resulted in what IMO is the most valuable piece of infrastructure IP to come out of ANZ. And given the man years it has taken to get to this point, the barriers to entry are big enough to deter the big guys from trying to replicate it.  Especially when the sense of urgency is right here, front-and-centre, today.