Ann: Funding for Grandis and Nomgon, page-180

I know it sounds depressing Mustang but that number I quoted could not have come from higher up. I agree that two plus years will see finalisation of gas flows to surface and completion of infrastructure but putting gas into pipelines is a very different thing that will depend hugely on a number of factors. Once Grandis is fully de-risked and flowing, it will depend on either Santos, Shell or another big player coming in to commercialise the whole thing and who knows what will be happening at that point with the green washing, the gas pricing and the political views on fossil fuels. As I said, EXR have no intention of becoming gas or electricity wholesalers with their sole intention to prove contingent resource, de-risk and sell as has always been their goal. That's a good question to ask at the Perth presentation. While I am going on about things, a modular power station for Mongolia will never happen without a massive CR, aside from the fact that EXR don't want to get into wholesaling electricity as noted. We never heard any more about the feasibility that was supposed to be carried out for a modular gas fired power station . . . did we? All revolves around the sole mission which is to on-sell.