Ann: Caledon Acquisition Approved at General Meet, page-8

re: Ann: Caledon Acquisition Approved at Gene... SSkim,

In 5 years the value will be worth a lot more than 50m

GRAM need to spend 1/2B to make a play on underground mining here. That is 1B so already through 2013 there is 100m value to ORD.

Then 2014 comes around and we have 4mt of 50/50 split between export thermal and coking. Revenue will be in excess of 1/2B. MCC recently taken over for 5.1B was producing 3.8B. GCL is producing less than we will in 2014 and has a 2B cap. This is big news for ORD going forward.

And also the market has not opened yet patience...