Ann: Acquisition of Key Tenement Adjacent to Bluf, page-9

re: Ann: Acquisition of Key Tenement Adjacent... Iceman, actual HCC price forecasts or just news articles?

Latest from Mac, GSJBW, UBS, Citi etc all suggest sub $200 and AUD above $1.

Unfortunately I'm not convinced LT mining met coal in Oz is going to make anyone much coin given even the best desposits held by BHP, Xstrata etc have mostly moved into the the 3rd quartile of the cost curve. What's the chance of mining unions taking a more practical approach to wage negoitations, QLD govt reducing royalities, carbon tax being unwinded, approval processes streamlined, new ports being developed on time if at all etc? However, I do see AUD collapsing on any economic double dip given our current budget deficit racked up over the past 4 years.

Mongolia is also a game changer if they ever come the realisation that China is their only viable customer and start engaging with them as such.

Saying all this Chris Wallin is a better judge than me and may encourage the CLR team to stick to deadlines and deliver the goods for LT shareholders.