Ann: June 2021 Quarterly Production and Activities Report, page-22

The next couple of days should be interesting…1/2 year announcement ..not expecting to be too profitable…As most shipments occur second half….

At least 530k tonne has been transported this shipping season. Another 80k tonne ship about to hit port. Another 300k in the next couple of months and we hit 900k +….have to be $35M plus in cash flow positive…maybe more depending on coal quality.

Should be able to transport 800-850k t this year without too much drama unless something goes wrong…Chpp hopefully up and running or about to start.

Coal stockpile should be 500- 600 t which should translate into larger asset base at current prices that starts to move share price.

Will need to buy more barges for next season for all the quality coal coming out!