Ann: Maiden 44MT Coal Reserves at De Wittekrans C, page-5

re: Ann: Maiden 44MT Coal Reserves at De Witt... Well at least there were no rash promises on time frames in the release Mr Cod. Perhaps trust can be earned back if they can give some timing post the BFS and stick with it.

I thought the comment below in proactive investors was good:

"The reserves already demonstrate that De Wittekrans will be a significant project for Continental that when in operation will be producing over 1Mt of export sales and over 1.5Mt of domestic sales and annual EBITDA in excess of US$50m."

I like that the $50m is consistent with the guidance we've been given in the past. Here's where my numbers were getting to $48m assuming $100 export coal and $7.5 profit on domestic.

Dewitt
Export
Coal Price 100
Costs 67
Export Sales Tonnes 1,100,000
Export Sales Revenue 110,000,000
Costs 73,700,000
Exports EBITDA Contribution 36,300,000

Domestic at $ 7.5
Sales tonnes 1,600,000
Domestic EBITDA Contribution 12,000,000

I hope CCC can outperform for once once this market meltdown comes to pass.