Ann: Dispatch of Scheme Booklet, page-91

The TPD business in the lead up is not the TPD business of today. LTH are very familiar with the strangling of TPD SP during that period in the way STX SH are currently experiencing. Take the shackles of the SOA off, $3M/month revenue and rising, TEG JV drill on the runway, there is a strong argument the TPD SP would outperform STX in the near term, at least until South Eregulla goes into production. So personally I don't take history as a useful input to my decision making process. JMO