Mr. Lar Bradshaw:

I do not recollect. I can only be honest - we probably assumed that there was going to be one. Valuation is down to the assumptions that one makes. There are approximately five key assumptions when one values a site, those being, density and plot ratio, the split between commercial and residential, end use prices, that is, the amount that someone will pay for a house, construction costs and preferred profit margins on the development. Many valuations were flying around.