No need to worry about showing it to JH, he is a regular reader! (not me BTW!).
Seeing as he has just cut most peoples budget for '05 considerably I hope he reads it in the very near future!
Especially as some of his side-kicks consistently produce business cases as weak as the tea off the HDQ trollies and with as much fore-'sight' as the male component of 'Peters & Lee'!
Give it 3-5 years and GF will realise how much of a corner it has mopped itself into in terms of a business strategy. The trouble is, by then it will be far too late to get out. By 2010 GF will have to shrink to the size of Oman Air and run a similar business plan and operation.
Get your hours (and money) in now while you can, it isn't going to last for much longer.