David Allingham

PTM is my prefered exposure with significant leverage to a falling AUD but you do pay a premium for it. PPT is also looking interesting at these levels given their cost out story will enhance bottom line growth and you are only paying a market multiple on FY14 earnings.

James Marlay

David do you have a preferred pick in the space, WIG seems to have bounced pretty well today. Also note PPT is well of their highs from earlier in theyear.