re-rating of the sector, page-8

there will be no div for a few years as they will probably used excess cash flow to pay down the project debt and then gear up for stage 2 of development.

the NPV of $1b is great and all, however if you have 2b shares on issue the price will be max $0.50.

if the chinese came in and offered $1 per share right now i would take it.