Ann: Atrum Coal Secures Port Capacity for 1.5Bt G, page-49

re: Ann: Atrum Coal Secures Port Capacity for... From April 2013...

"In 2013, Groundhog will be the focus of reserve definition infill drilling, bulk sampling, further coal quality analysis and coal marketing to facilitate the completion of a Pre-Feasibility Study by the December quarter of 2013"

From July 2013 ...

"It is also progressed the scoping study as well as port access agreements. It will start the pre-feasibility study at Groundhog with an initial focus on the north-west zone to delineate a mineable reserve during the fourth quarter of 2013"

From August 2013 ...

"Due to timing of drilling and the early commencement of the Scoping Study, the planned 43 drill holes to be completed in 2013 have not been included in the Scoping Study, but will be included in the Groundhog Pre-Feasibility Study (“PFS”).

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ATU reported from Lilford's latest BRR interview that he was present in Canada for all but 4-5 of the 43 drill hole core extraction mentioned above prior to his interview...ATU therefore appears fairly advanced in its drill results. If they can fast track lab analysis and mine planning you can assume PFS to be out before years end.

The BIG upside here is that the scoping study has taken into account only 1 of 17 seams all available from a shallow depth covering a fraction of just one property (Groundhog)

This is rather remarkable given ATU's current scoping study economics are based on just one seam (Seam 70), and discount completely both other seams, substantial excess Groundhog ground, along with other BC tenements....and still can yield over AU$325m p.a. going fwd!

The insto market will awake to this fact either pre or post PFS

One thing is for sure tho ...ATU isn't going down over the med term...in fact based on maths alone is currently worth between $3-$7 based on a risk return basis against its peers