Well, if you apply a 30% haircut to Turkey operations maybe you...

Well, if you apply a 30% haircut to Turkey operations maybe you should apply a 40% hair cut to the Australian side. Speaking of souvereign risk, who is hiking tax rates on a routinely basis? Turkish taxation as well as labor costs are lower than its Australian pendants. Just have a look at Alacer's Turkish vs. Australian cash costs. I know it's apples and oranges, heap leach vs. u/g mining but anyway, Australian costs are much higher. What's more, we're discussing higher/additional taxation on a daily basis so I deem it prudent to diversify out of Australia.