debt before dilution, page-41

hurl, only comment on shortchange's post is that it makes my numbers look optimistic!

SFR borrow $390m to build a 1.5MTPA plant in 14 months

CDU's plant is eight times the size, according to shortchange, yet they are building it for $300m?

Do you not see a disconnect there, hurl, or is it just me? We KNOW SFR's figures are real, because the plant is working.

As I said, we'll find out in a few weeks when the AR is issued.