Ann: Infrastructure for Long Term Production - Desk Top Study, page-10

the market can be a fickle thing.

Some expect everything tomorrow.
This is about forward planning, and Esperence, as we have suggested is the key to get to 7mtpa.
Nothing has changed. Except we have confirmation of our speculation.

Even if they had all the Esperence numbers completed today, it would not change the underlying business of today at present that can build to 2mtpa, with night shift, and bonus 400kta mine gate. They would still have to set about the build process to get that Esperence rail infrastructure to come. And that was always going to take a couple of years to build out.

So if the underyling metric remains great, and with expansion to have study remains afoot, we simply continue to build our cash cow, to avail all the options on the table.

Some will sell, as they always do, others will say great, keep on building. I'm on this for the ride beyond the impatience that some flip with.