Firstly I am invested in this. You obviously are not and very...

Firstly I am invested in this. You obviously are not and very anti CLE and Tony Sage. And yet here you are here commenting. And very negatively.

I pointed these other deposits to Paul Berend. Not because CLE needed more resource but these deposits came with preferred access to the port. Paul went through step by step how they had assessed these deposits before buying Iron Bear. There is extra mining costs and extra concentrating costs and at the end they will not get a premium product and therefore less premium to the iron ore price.
At todays iron ore price, I have calculated $US280B profit in this deposit. And that is only at 100 million tonnes per annum for 30 years. There will be another 18 years after that.
Sometimes you walk down the street and kick a gold nugget. I did it once, I picked up a paper bag that was obviously from someone going to bank to pick up the cash to make up the wages. I went and asked at the two nearby banks and they did not know. So I handed it in and three months later the cops rang me and said it was now mine.