Pete,The problem from my perspective is that MG refuses to...

Pete,

The problem from my perspective is that MG refuses to mentioned the coal price and exchange rate assumptions used to come up with glowing NPVs for Springsure. So one naturally wonders if they actually have a real project when one factors in own view of coal price and AUD.

The problem MG has is that if the assumptions are too far away from analysts forecasts, he runs the risk of killing the company as institutions bail. If he continues to withhold the key information, he runs a fine line under full disclosure rules when he allows shares to trade without the information.

If I new the assumptions, I could take my own view if the SP is value or not. Potential JV partners will do the same, however they will get the information and we won't. Admittedly potential JV partners will have their own view on forecasts anyway.