I didn't much like the reference in that so called news release...

I didn't much like the reference in that so called news release yesterday, that the Chinese were looking for an equity position in ARH. There has been enough dilution already. I would rather the rest of the project be debt financed where possible. Don't forget by diluting ARH to such an extent we are also forgoing 76% of future earnings from the nickel project (which Palmer has had nothing to do with) and any future earnings from Mt Salt. I would have been more comfortable with a smaller, less ambitious Iron Ore project, such as the originally scoped Cane River development, which would have cost less in dilution, and then expanded to more of the Southern block when cash was available.