I think that this is just starting. No one would sign up to...

I think that this is just starting. No one would sign up to build a $1bn railway after a slide show from the CEO. I'm sure POSCO is interested, and as part of that they would check that the Govt doesn't have any problems with their involvement.

To me it signifies that a really powerful and key player is definetely involved and that can only be good for a competetive outcome.

That fact that the CEO presented a slideshow indicates to me that POSCO are late coming to the table and as a consequence, this may drag on for some time. They would normally do months of due diligence on a project like this. I don't see that as a problem as long as SDL negotiate a good deal for shareholders.

Just my thoughts.