CLR carabella resources limited

broker report, page-12

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    See slide 14 from BHP coal and iron ore presentation below

    http://www.asx.com.au/asxpdf/20110325/pdf/41xn9vsmx5fgp2.pdf

    Shows capex intensity benefit of CLR and BTU compared to potential upcoming projects listed which are >> $100M per one M tonne of coking coal. Suspect most of these are in africa and mongolia which new require rail and/or port.
 
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