Gday HT,The letter to shareholders was where I got the no...

Gday HT,

The letter to shareholders was where I got the no financing required...
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We have a strong balance sheet, no net borrowings and the ability to generate healthy
cashflows. At a time when the world’s financial system is in so much turmoil, this is an enviable
position to be in. We have a very strong pipeline of growth projects stretching out over the next
decade, and we have the financial capability to finance the pipeline without being beholden to the
financial markets.

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What this says to me, is that they have a pipeline of projects with development and upgrades as per the presentation, which they do not have to go markets to fund or borrow.

cheers

Steve