I do think that our margins have been eroded to some extent,...

I do think that our margins have been eroded to some extent, also the whiff of fear in the market is poison at the moment, people are factoring in much lower prices that may not materialize.

Take KZL worth about 500 million yet Lounge lizard is probably sellable at 1 billion and with all the majors interested in Admiral bay that may be worth in excess of a billion if sold. KZL are currently valued at only what they are earning not including mungana coming on stream and all the exploration success at AD Bay and the Lounge