radar **gip*** and play, page-6

It's a half share of A$265 million, which equates to closer to U.S. $87 million, than $67 million, going by the announcement of 15/4/03. There will be an update on this in a few months when the BFS, EIS, pilot plant etc results are completed. The ongoing indications are that upside rather than downside is more likely and other factors such as the tax advantaged situation are relevant, assuming customers are signed up of course. As for shares which may or may not be coming onto the market, the market cap. has only just gone over $5 million and the project is possibly going to be the lowest cost of its type in the world with a high profit margin if all goes well. I've put up a long post a few weeks ago on the subject which may be of interest.