Ann: Draig Broadcast , page-7

I'm not claiming its managements fault that we don't have hard coking coal. I'm blaming management for the day to day running of the company and the poor quality announcements.

For example, do you think the market is that stupid to think we have 75mt of semi soft coking coal. The status is inferred which means most of it is conceptual. In fact, if you look at the diagram which has red and green all over it, the red section (0-200m) contains 22mt of coal WHICH WE HAVE DRILLED. The green section (200-300m) contain NO COAL HITS and apparently has 53mt of coal. Why not make the green area twice as big or even three times as big...its just a model and a model can say what ever you like. Until you hit coal like the red section, as far as I'm concerned, the green section doesn't exist.

The dimensions of the red section are approx 3500m x 200m x 24m x 1.5t/m3 giving ~25mt. I was right on the money but was being a bit generous with my seam thickness.