Ann: Brisbane Mining Investor Conference, page-13

You have to see this presentation in the context of Investment in Queensland and in the context of Neil addressing Energy investors who know the Queensland gas landscape through and through.

It makes sense to appeal to his audience by focusing on Grandis. And yes, Grandis will be a company maker because it will probably the first of the 3 projects to turn into $$$ for us.

It’s not a binary story of “If Grandis then not Nomgon”.

Instead of making assumptions I prefer to stick to the facts. Trying to make presumptions, positive or negative, is hardly helpful.

Shareholders are getting anxious, I understand that - it’s tracking very slowly. But to be this negative about outcomes seems to me that you are not very confident in your investment and looking for confirmation that your investment will make you decent money.