Wal King, page-96

Exactly my point. If big and small producers like them are getting hammered, and they are earning a decent profit (some of them anyway), what hope of one that is yet to produce until 2019, plus need to raise 3.5bn for rail and port?. We are talking about 2019, not next year or 2017...this is 5yrs from now!!! who knows where IO will be, you guess is as good as mine. There are too many uncertainties and a long time to wait, and market never never likes uncertainties!