Having waited so long to get where we are with Coburn, it now...

Having waited so long to get where we are with Coburn, it now seems the global economic conditions are heavily against us. What a lousy economic environment to be lookng for a new start-up. Timing is against us.

Oh well, at least the GUN project is not in iron ore. We can only hope zircon and other mineral sands prices stay buoyant, despite all the gloom coming from China and Europe.

Maybe the collapsing iron ore/steel situation will be in our favour, making it more attractive for POSCO to diversify at this point.