coalspur projects, page-6

other things to keep in mind:

**quarter 3 cpl will show some savings upon use of mining contractors, which the company believe could reduce costs by $250 - $300 million

**phase 1 cash flow can be used to fund expansion to full production saving approx 300 million

So the $1.2 billion capex may not be so scary.

Time will tell, but with the rail load out possibility to handle upwards of 12 mill p/a, cpl have three projects where "south" and "extension" project are being flagged as using existing Vista infrastructure. Possible cost savings.

Interesting that the Vista scoping study took 6 months from announcement to publication, whilst Vista "Extension" scoping study will be available in the next few weeks. I would say they have been working on this for sometime and the results will be favourable towards Vista's development.

This will be one monster low cost operation.