Lombard,What is your basis for arriving at a valuation of $1.50...

Lombard,

What is your basis for arriving at a valuation of $1.50 for adult only approval? Others have thrown around different valuations. As much as I want to agree with you, I can't see this approval resulting in the share price doubling.

I agree that full rejection would, in the current market environment, likely see that current SP halve.

Personally, I would be incredibly disappointed to see that happen, if only for the very bullish statements that have been made by Dr Robertson regarding the re-submission process. If outright rejection did occur, I would it very difficult to have any sort of faith in senior management moving forward.