BRR Fri, 6 May 2016 10:30am, page-12

This part got my attention too but you've got to ask....Where are the dollars coming from to get this done?

Downer? CAT? Cornerstone Investor? PB explicitly states that the German finance needs to be sorted before we can approach other private institutions so the cash certainly won't be coming from an investment bank.

Looking forward to putting together a clear picture of how this is going to play out, it's all impressionist to me at the moment. Would have been good to hear something re. the TiO2, a comment about the Pig Iron Termsheet with Gunvor and a hint of how we're traveling as compared with previously slated timelines.

PB is keeping the cards very close to his chest.