That is an interesting point.Still, if that were the case, it is...

That is an interesting point.

Still, if that were the case, it is not grounds to deny the first and more major WISCO investment, which is well overdue for a decision.

If ASIC subsquently make a ruling about the Baosteel investment in regard to the 20% threshold, we will cross that hurdle when we come to it. But the Baosteel deal is a smaller investment, and so will have a smaller impact on CXM's price (even if it is declined).

And even so, both may be passed.

CXM's share price will fly if/when WISCO is approved.

But, I will be a lot happier when the positive announcement comes out. A negative decision will set back all drilling, and even the DSO development, and alternative funding will have to be sought.

But logic suggests the WISCO decision should be approved.

Then, the $1.50 valuation is certainly valid.

Y