All true, unfortunately talk is cheap. Even the announcement of...

All true, unfortunately talk is cheap. Even the announcement of an extra 1t of extra Zr off-tale looks a little embarrassing and much ado about nothing. I'm happy for Bruce to push back at Iluka manipulating the market to try and keep new competition at bay, and happy that he is being proactive in supporting the story and share price. However, the only thing the market cares about is his ability to sell this story to a project investment partner on good terms, preaching to the converted won't help.

That said, as the release alludes to, if you are going to do a deal in this tough environment having a world class, 37 year, lowest quartile cost project producing two products both going into long term structural deficit and thus strategically important to product buyers with likely rising prices in the future is what you want to be dealing in. The project looks so good from my perspective I simply can't see that project investors at a good price cannot be lined up... despite the trade war head winds.