...It is going to be very difficult for Finance to get up if the...

...It is going to be very difficult for Finance to get up if the outlook remains in the doldrums over the next year or so....

Hi Chakay, I doubt it. I think there is now MUCH less competition for funds globally than when IO spot price was $130.

The only ready-to-go, tier-1, globally lowest quartile IO project (not owned by a major) that is worthy to be invested in (at $21/T we will the one of the last man standing) should be able to tap into many billions that are no longer available to marginal and high-cost projects worldwide.

The African Development Bank's director of the African Natural Resources Centre are encourging Oz companies to tap the bank. The lion share of the $3.5 indicative debt funding is from ECAs & DFIs.

Things are looking up I think.