Ann: BNU Hard Coking Coal Mine Activities Update, page-4

Assuming they are making a nice profit from the BNU coal sales, this announcement may go a long way in convincing the QLD Gov, that TER are financially able to commence and operate the BA mine. The Dept of mines stated they would be very rigorous in the approval process to ensure financial viability of not only the mine operations but the rehab that has to be done. As far as I am aware they have not formally accepted RT's $80m as being sufficient. This could get them over the line and they might squeeze a few more bucks from RT. I think if they had been contractually able to release figures, value, etc, it may have garnered more interest from investors, but i am sure the next report will add fuel to the small but growing fire. Based on current coal prices, volumes, etc, the market cap with just BNU operating is very low. I personally would not mind if BA is delayed for another month so they can start reeling in some real money from BNU. With enough cash in hand they can throw the kitchen sink at BA to get up to speed and alleviate any concerns over funding. Might even have enough left over for an Indon adventure.