botswana coal, page-6

Baglimit - we're very unlikely to get 10c a tonne - more likely 1c per tonne - which at 2bt = $20m. That would add about 5c to the SP. As the resource confidence is improved, and Conti informs the market of development plans, the value per tonne will improve.

Note that AFR, who are over 12months ahead of Conti in their drilling program, etc - have very impressive 18m coal seams "Amenable to open cut mining with very low ROM costs" (see 14/3/2012 presentation), and have begun sample mining & trial shipment already, with >2.6bt, MC $91m = which prices their coal at about 3.5c tonne.