news, page-31

From memory margin on GPK coal at current exchange rates is only around $10 per tonne so thats about $28m. Then theres some too-ing and fro-ing in regards to the infrastructure there (I think KRL spent $8m on top of what was already there). I know there are other future factors to consider also such as the future price of coal, companies securing 248mt of supply, potential JORC upgrades after further drilling, synergies & exchange rates etc. but assuming they negate eachother out to an extent its probably more realistic to consider $35-$40m in my book.

That would be a much better outcome for the Roo securing pretty much all the cashflow (at current market levels) for the entire life of the current JORC in one hit up front!

SLE