Mate my decision to will be based on tax laws. And trying to...

Mate my decision to will be based on tax laws. And trying to lessen our tax burden. A "forced aquisition" may suit us.

Possibly delaying also gives me the time to make the correct decision as to where to invest next. I'll probably invest in Regent or Mike's next company at this stage. I won't be investing in any Magnetite mines, so won't be investing in S.A. Too much risk in high opex mines if GFC2 comes alone.

And I won't be investing in any other Pilbara juniors. AGO would be the only one I might consider. But the market cap is too high. It's history in meeting production numbers isn't good. And AGO will only get the massive amount of funds it requires if IO prices remain moderate to high. AGO won't be able to finance most of it's ramp up if GFC2 comes alone. Basically I think it's over prices for the risk.