MxI am interested in your views on TB primarily know as you say...

Mx

I am interested in your views on TB primarily know as you say you have changed your opinion somewhat.

My opinion has been that he has never had the greatest of hands to play - single mine company with a short mine life and no project pipeline to develope.

M&A is hard and fraught with danger to destroying value. I don't believe there are an abundance of opportunity in this area.

I have stayed away from OZL as I don't understand how spending 2.5 billion on Capex to maintain/increase Revenue from 2018 is conducive to being a good investment. As a project it may stack up on an IRR but this is a separate issue to the company being a good investment vehicle.