Anyone got any thoughts on what a favourable farm in might look...

Anyone got any thoughts on what a favourable farm in might look like?

What we know:
- Pipeline build cost would be approx 6 mil
- Unknown costs to try to improve T2 and T3 (SB mentioned options to try and improve flow rates)?
- Unresolved R&D tax incentive bill with the ATO (potentially several million RLE will owe)
- circa $3mil in cash in the bank
- current RLE market cap around 11 mil

So my first question is: what is a good result for us shareholders from here? 50% further dilution? Wouldn't it just be more cost effective for any JV partner to just buy RLE (which you'd think they could do for less than 15 mil), rather than 'share'?

second question is on the tax issue. I can't find it, but SB mentioned in a pod cast not long ago that another company in a similar situation (Moreton resources was it??) has a favourable court finding on a R&D claim and he said the ATO had a month to appeal. SB seemed to imply that if the ATO did not appeal, then RLE was likely in the clear. Anyone got any information on the status of this appeal or anything else to add on the tax issue??

GLTAH