B Siemsen, page-56

OK Jazz,

To continue your line, do you think the SI Govt will do better from SMM? Will SMM earn more & pay more taxes? Is your thinking that SMM will process rather than direct ship? Or is your thinking that no matter who wins the SI Govt isn't going to make much?

My belief was that the deal was with the land owners and they will get more from Axiom than SMM, the EBIT isn't something that is in consideration - which of course when you think about it, it really should be... 2% or something is a cr@pload better than 20% of nothing. Also regardless of who wins surely there are employment & peripheral business opportunities in these areas that were not available previously.