Ann: Elan Project Updated Scoping Study Presentation, page-8

That's a fair assessment at this stage. High quality HCC is a commodity that will keep a good demand profile in my view (thermal is a different story) and steelmakers are regularly looking to sure up supplies into the future. Just as an opinion the non-China producers may well be interested (including European) because of proximity and apparent quality sitting in a politically stable country. So the JV or takeover options do not just sit with the other CC suppliers but also direct off-take partners. The key companies/consultants being used by Atrium have world class recognition and so whichever way it goes I am relatively confident of a very positive outcome for my investment here. However, only my opinion and DYOR.