Ann: June 2014 Investor Presentation , page-4

beardy

Also, last year they stated that they had forward sold for the next 2-3 years 60% of production and that the discount for grade was materially lower than it had been (and presumably a lot lower than it is now). No mention of that now????

KB is confident of the price recovering so its full steam ahead on production. Its probably impractical to slow things down if they foresee that its only for a few months.

H