Ann: CEO AGM Presentation , page-2

i went to the meeting, so its all imho..

what i took from the meeting was the low cost of mining this coking coal resource has. the pfs has really highlighted that fact.

With expectations that the fast tracked ammam north project will deliver perhaps a record low cost per ton ratio anywhere on the planet, the real telling statements came from tony and the new director craig

with the price per ton in mind the current price base of coking coal at about $160 makes the biggest coking coal player position, BHP, with 25% of market share in their hands, in a absolutely diabolical place. across all their coking coal projects, bhp are currently breaking even on the $160 price bracket, and as tony said, with ammam being in the lower 25% region of costs, globally, 75% of coking coal producers will go broke before ammam is unable to break even and is no longer viable.

As for ammam north, basically all the entire coking coal participants will be broke before that fast tracked project will be uneconomic.!

with rio taking a huge hit on their coking coal projects in africa, and other finding out that the coking coal is not as consistent as promised, that region looks unable to meet the promise it had before.

craig wiggil, imho gave a very objective review of tigers, he said he did incredible due diligence before taking on the role at tigers recently, he was initially reserved in his opinion of the project, but with the excellence in the delivery of the project by the tigers team, and on reviewing the projects further since taking on the role, he believes this coking coal company has the best resource project on the planet today in the coking coal market.

tony mentioned that studies have shown that regardless of anything on the planet that is happening, the 4 things china needs is gold, coking coal, copper and fertiliser

in terms of size, if you equate the 1 billion tons potential, and work that out in comparison to the gold sector, the size of the coking coal resource is perhaps equivalent to the second best gold discovery globally.

is potentially 1 billion tons of high grade coking coal 38 km from the coast with an approved sea port by Mr Mednevdev personally, and the costs per ton falling in the bottom 25% of global cost comparison and ammam north potentially being at the lowest of costs globally, where on earth will anyone find a better prospect with every milestone hit and a permit in 2 years for ammam which is imho a staggering fast pace for any tier one project..

hope it gets noticed one day, but imho tigers has a pretty exciting time ahead..