I'd think that the contracts coming from the local market, would...

I'd think that the contracts coming from the local market, would be the under-lying base for the next jump, as it was based on the loss of the Mt Isa district contract with xstrata, that plunged the price some months ago.

The huddys side of the business needs to perform, to compliment the o'seas business growth ~ at least at this stage, as the o'seas business is probably still in it's 'early stages' of growth (huge potential, and could be restricted by how much idl can construct - imo).

So my thoughts are that mgt report on the local up-date asap, to see some spike back to some reality for the s/p.
We were in the 19 - 22c range prior to the loss of xtrata's portion; considering however, we've still got the other mining and supply / hire business and contracts, and would assume this is why mgt are maintaining a reasonable profit forecast, imo.

Cheers :)