Gerard Barron

And then what happened?

I'm winding the clock forward now.

Keep in mind, I sold out in 2007.

In 2018, the owners, there were two main people funding the company, even though it was public.

And they said, look, we're the only two people that appear to be happy to keep funding it.

Why don't we put the assets up for sale?

So it was really called an administration, a reorganization.

No one came forward, so they bought it and privatized it.

And so 2018, you know, I sold out in 2007 and I made some good money out of it, to be honest.

But it was a very different time.

Firstly, it was operating in the territorial waters of Papua New Guinea.

It was a small resource by comparison because they only ever found millions, single digit millions of tons of this stuff, very high grade, rich in copper and gold.

Whereas we've got 2 billion tons of these rocks, like the one in my hands.

defined resource of 1.6 billion, but we think about another 400 to 500 million tons of these rocks on our resource.

Very different scale and also a different time.

The geopolitics weren't as lively back then as they are now.

I think that project will get into production.

The people that privatized it are continuing to push forward.

I think it will be a success.

But these projects are tough.