big call – 3 to 5 cents within 3-5 months, page-5

1.Depending on the price of black coal in 12months, at present around the $65 to $75 per ton, this will directly effect what royality % ESI will negotiate.
2. PLANT scale up ,what time frame can it deliver 2million tons per annum then increase capacity to 20million tons.
3. infrastructure set in place ,port,roads etc, study into this is already happening.
4.potential future revenue, INDONESIA, Victorian use by power plants.
Difficult to put an accurate value short term, but with a revenue stream of $100 million per annum from 20million tons exported from Coldry for 30 years from the TINCOM contract, if eveything falls perfectly in place
derived at $5 per ton royality payment ,estimate of 20c to 30c for sp.