location of projects, page-19

Well done Christem, your figures are probably right, as i said i just quickly added them up in my head.

Waymax, we are now comparing what CDS are targeting Vs what FSE have announced. It would make more sense to compare what they have both announced. For example at Jericho they are targeting 300mt but only know of 60-80mt.

I don't think CDS have announced any resource estimate for Waterberg above the 415mt but it seems common knowledge that the resource is at least double that (due to be released soon???).

For what its worth I believe that FSE know already whats at Olieboomsfontein, otherwise why would they aquire it. If they can upgrade the resource to 750-1000mt and all the boxes are ticked along the way then FSE have a very bright future. We are lucky to have CDS as it shows us a clear path to success.

As for Whitbank, the deal was 70% of 152mt of coal at a cost of $21.5 million.