annual report, page-2

To me the big issue is Bank finance. ANZ have said yes, but there are conditions to meet prior.
You have greenies who oppose even coal used for steel making noise. Recent communication with a green senator was astounding. They reckon that you can build 10 story buildings using laminated wood ( rather than steel ) This is crazy coming from an elected senator
Thank goodness we have Federal govt on side & certainly QLD govt want this to happen.

All analysts point to a shortage in 2017 when this project will deliver. Calcuate the effect of a $ 30 ton rise in price on 3.5 mtpa----and that is per annum---against a market cap of $ 63m

There is risk here, but enormous upside if it can pull all the pieces together