October Quarterly and Questions, page-177

I am quite comfortable with having competition. Even if we had 50% say, of the market, we could never, ever handle it all anyway.
The other thing about competition is that they all have the same hurdles to get over, same delays, the same costs as we do. In other words, the same barriers to entry as we do. It's not as if everyone else has a cosy rails run and we are the only ones who don't.
We are in a great space and in great shape imo.