Ann: Bathurst secures JV agreement with Jameson Resources Ltd, page-4

Bathurst is a coking coal company who have survived against considerable odds.

You say that you hold the stock, so what exactly do you propose they do ? Become a copper or base metal producer (which they know nothing about). Or sit around and hope that NZ becomes environmentally unfriendly ?

Bathurst know about developing and mining coking coal. Seems to me logical that they then apply that expertise to develop and mine a very low cost coking coal project, in a secure, first world, mining-friendly jurisdiction, and take their chances on global coking coal prices.