Ann: Upgrade of Reserves and Resources for Ntende, page-5

re: Ann: Upgrade of Reserves and Resources fo... I wonder how long it will be before IKW release a statement on the outcome of debt facility.

I like the release of Upgrading reserves before hand though. As mentioned it is just cream on top of an already awesome resource kind of like a bonus.

Westpac changed from Sell recommendation to Hold. I'd say this will move across again to Buy after next announcement and the real marketing will begin. It will be interesting to see what the price of this is post debt facility and again 3 months into production.

I guess it comes down to timing and having everything else in place if they have an expected production schedule for a September start. Coal prices will hopefully be around US$90.00/t.