Dec Qtr, page-18

While the forecast for shipping season is not ideal, the 600K ton production for 2018 is achievable.

Lets look at the 420-480K of sales for 2018 shipping season

-120K ton SSCC @ say $110/ton USD /ton FOB............................$13.2
-360K ton thermal @ $70/ton USD...............................................$25.2 mil
-Total revenue..................................................................................$38.4 mil USD ($48 mil AUD)


IMO, the forecast figures for Q 1, Q2, & Q3 are low considering that we have 12 trucks , an upgraded
road & upgraded mining equipment. I still think that TIG ought to be capable of selling & shipping
close on 600K ton this shipping season.

My rationale is as follows:
-round trip per truck...........................3 hours*
-Payload...............................................25 ton
-24/7 operation for 12 trucks..............2400 ton/day
-Winter weather reduce to .................1600/day (as per Dc)

So:
-Jan.................49,600 ton
-Feb:...............44.800 ton
-Mar:..............49,600 ton
-Aprl:.............Nil (thaw out)
-May..............74,400 ton
-June:............72000 ton
-July:.............74,400 ton
-Aug:..............74,400 ton
-Sept:.............72,000 ton
-Oct:..............24,000 ton (1st 10 days)
TOTAL..........535,.2 ton
Stockpile.......56,000
Total shippable..591.2 ton

Perhaps Peter is being over cautious in not over-promising. The market, however expected 600K for 2018
as per previous anns.

IMO, 2018 revenue should be $47 mil USD / $ 58.75 mil

ALL IMO, only.

NB: Please do your own DD and seek the davice of a licensed Financial Advisor before making any investment decision.

* 3 hours per round trip is very conservative considering that the haul lead is only 35 klms with quick top at port and a load time of less than 15 minutes.