Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20

The Broadmeadow East resource is 5.4 million tons proved up but the "inferred" is 23-25 million tons. Where is this? N,S,E,W? Down? Never seen any reference I can recall. Would you reckon it is a smart thing to do to do exploration drilling and prove it up? If it is on the other side of the HT power line that is a big problem at BME a.t.m. That would improve the economics of removing the overburden and mining that. My guess is that it might be in other directions or down, underground mining material. It may not be economic to mine this grade underground, ordinary as it is?

It looks like they are shortly going to announce that they are going to halt BM production at the powerline rather than pay a bomb to shift the power lines, which are on an easement, and speed up production at better grade Ellensfield South with the new 600 ton digger.

More exploration drilling at Bluff might be good too, they have no JORC for that site. Having a decent map of the resource would be useful?
There are a lot of commitments to be paid off but there is now $70 mill in the bank and more if those delayed ships are factored in.