Ann: Ferreira Coal Mine Extension , page-30

I'd have to agree with you 5hareholder.
This wasn't the announcement that was going to take the socks off the market.
This announcement was merely stating the fact that Conti have increased the LOM for Ferreira, which has in effect given Conti more breathing space with regards to Penumbra and getting De Witt moving.

It's likely that there shouldn't be any increase in costs with the areas that are adjacent to the current open pit and there's a high probability that the coal is of the same quality as currently being mined.

As long as the Ferreira operation is cash flow positive then it's worthwhile chasing what's left in the ground and adjacent to our tenement.

As for LOM, if we got another 12+ months then it's a huge bonus. It might cover us till De Witt open cast is running.