felix resources, page-5

not sure kosmo on other company's financially so I really cannot comment.....

but I can speak from experience of working in many coal washplants in queensland and I know that the type of coal felix mine is mining is generally what is called clean coal which is used mainly in the power stations and it does not need washing (cleaning) thus saving heaps in costs.

felix coal and other smaller mines in the area just dig it up, crush, screen and size the coal then load it on the coal trains for delivery. It is trucked to train loading stations from the mine crushing/screeing plants. Some of the larger mines have rail-loops going through them.

All in alll felix is making stacks and who knows where the sharreprice will go. Only the market can judge that.

One thing that will effect the shareprice is the the need for capital raising to go ahead with 70% owned Minerva coal project. One thing in felix's favour is that contractors (company's) are investing in these coal mines by way of machinery and manpower (subcontracting the operation for a cut). This way felix may not have to go to the maketplace and raise the cash. If that happens then any price is possible.

Macarther coal's coppabella operation is managed this way as an example and it is making stacks for them.