on the contrare RS, the 30kt coking coal stockpile should fetch...

on the contrare RS, the 30kt coking coal stockpile should fetch anywhere up to or around the US$100p/t mark depending on their ability to secure favourable offtake contracts to either Indian or Chinese Steel producers.

I will attempt to request managements estimates of marketable prices for this high quality coking coal
- if it is anywhere in the vicinity of US$100 then having the Mamahak project up and running in 2010 alone should produce cashflows of $150 mill @ full production capacity of 1.5mtpa

So happy days as far as im concerned as my holding also reflects.

As the great Buffet says "profit from folly rather than participate in it"

The views of course represent only my personal opinions

J