Ann: Quarterly Activities Report, page-241

All that has been discussed questioned re Rentails has been announced ? The last announcement on the public consultation permitting gives an indication of time frame . You can’t get permits for anything in less than 2 years and as this requires a new transmission line permitting any easement across multiple stake holders will just take time . The previous study had a much higher capex than 200 million so would estimate now it will be significantly more than that so don’t see holding cash for their share is difficult to understand .
If they don’t hold cash they will need to raise money for the project that will dilute every one or take debt that has to be serviced . Where else is there another 6000 tpa tin project that can be developed in 2 to 3 years in a safe political environment ?