RE:KL is in wonderful shapePerhaps some tend to forget that it was ES who convinced the KL board and brought Newmarket (now Fosterville) into the KL holdings. Imagine KL today with no Fosterville! So complain all we want about not sticking with expanding just current assets, sometime we need to think outside the box. OSK as an example is probably a good long term asset close to some of our existing operations. Novo I can agree is a "concept" that has yet to take root. Again, I ask "what if we didn't have Fosterville" and I did own KL before Newmarket was bought out so I understand the value. That kind of value hasn't come to the Pilbara yet....not saying it will or it won't .....but it was Quentin who originally assessed the fosterville properties for ES if my memory serves me right, so no question they need some more time to sort out how they unlock this gold in a profitable fashion. I have no strong opinion either way on Novo and I don't own shares in Novo but it'll be interesting to see what the next year brings. My understanding is that KL would like to "control", manage/operate this development and so this is the reason for the big investment.