sinbin, have a read of the PFS, the project is profitable at...

sinbin, have a read of the PFS, the project is profitable at current depressed oil prices as the % of biomass allows tweaking of the costs dramatically from what I can see. This is in the face of capital costs that have risen dramatically also.

As oil keeps recovering, the profitable just keeps increasing, and forecast the global situation out to 2015, averaged to 2030 or 2040 and the profitability is whatever you gamble on energy costs being.

What we are witnessing here is a project being developed so market participants (big players) can be envious of its potential and as it gets closer to the requirement for funding, those who want to get their hands secured on some big bucks, start trying to jump over each other to get in.

Think Altona Energy in the UK, they have funding partner and their rail costs are enourmous. Think Anglo America and Shell who started a much bigger project in the Latrobe Valley Victoria. Think BHP who would be chewing up so much fuel and power at Olympic Dam, these examples make each of them perfect candidates for getting involved in something like this.

The opportunities exist. Let's see how it plays out over time.