geo, That management risk of yours is one of the risks that...

geo,

That management risk of yours is one of the risks that punters do take into account in working out their discount to NPV to arrive at a potential shareprice.

Certainly the major risk is that of achieving the funding needed for mining.

Its not unusual for the NPV to be discounted to 50% and that would take the $2.51 NPV back to about where the Fosters number came in at.