Yep, an extreme rate. I would have thought there would still be...

Yep, an extreme rate. I would have thought there would still be debt appetite for met coal but given we are still in start up mode our risk grade and ability to service debt is higher risk. Mark has also heard loud and clear that there is no more appetite for further equity raises.

So while it’s a very high cost of funding, if we can start to get market prices for our cargos and as volumes pick up this will be spitting out cash while also diversifying production sources.

I would expect this interest cost to get ‘lost in the wash’ and will be more than made up for with a much higher market cap if they can successfully execute as per plans.