fresh lows, page-55

Smity if I had $555 million to invest in a capital project I would rather outlay the cash on an immobile asset to be located in Aus rather than Namibia. Bureaucrats may review mining laws etc and rate mining friendly jurisdictions, but Namibia is in Africa and over the next 10 years the geopolitical environment could change markedly. Who saw the collapse of the USSR coming in Reagan's last term. With such a large outlay where would you rather put your dollars. Here's a question whose property laws have a greater than 30years history of stability, Australia or Namibia. Smity before you fire off another oh please, if you had $1million to buy property to secure your retirement would you invest in Australia or Namibia. These are the same questions investors with deep pockets will be asking when they see that CAPEX number. And is why I doubt the viability of the project.