Well, Boy Wonder gets his first public outing this afternoon. I...

Well, Boy Wonder gets his first public outing this afternoon. I wish him well. The conference team are getting the videos of each of the sessions out really quickly on youtube, which is a great service.

It could be argued that his job is relatively easy. I follow a few explorers whose management and supporters all argue that they are pitifully undervalued. But between each of them and a revenue flow there is a serious block of time, some serious capex and lots of uncertainty. All that risk should show up as the explorers being marked down, and it is a hard sell to convince investors to look through all that risk and focus on benefits on the other side.

But with Gascoyne, it is quite possible that they will be able to turn things around relatively quickly and the capex in developing their own deposits is relatively minor. The main hurdle is can Simon Lawson and his team actually do it. That is BW's task today, convince the market that can deliver a turnaround in relatively quick time for a relatively small outlay. And as I said, his should be relatively easy pitch. He could, for instance, point out that Dacian, with all its problem, continues to be valued by the market at about three times Gascoyne.