Ann: Burton Wash Plant and Boxcut Underway, page-17

I think the management have clearly proven themselves. Despite significant hurdles they are hitting milestones. I know costs are no doubt higher than expected but prices are also staying up. I keep thinking about how impossible it is for anyone to start a coal mine in this environment, finance is basically unavailable not to mention insurance. Bowen has just snuck through before they shut the gate…..labor, Greens, Teals. In all time frames more met coal is needed from fewer and fewer companies brave enough to try. Someone has to contribute to all the steel windmills reaching end of life and failing. Do you buy now at .25 or wait for profits to flow and pay much more. Depends on your risk profile but I can’t see any others with the growth potential of BCB.