1.Mt Webber margin-while the gross margin is shown as $25 a ton there is no reference to the capital cost & repayment. My understanding is the cost is approx 30% of $140,000,000-viz $42,000,000 & would no doubt be charged at about $10 a ton. Also, our share is now shown as 30% of reserves, not 30% of total tonnage.
2.Delta coal mine-For US$25,000,000 we are currently receiving a margin of just under $8 a ton-it looks about break even only.
3.Tabalong forest approval delays just seems to go on for ever.
march presentation disappointments
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