Hi nose. This may explain it better, you may not have read the...

Hi nose.

This may explain it better, you may not have read the
ann back far enough.

ASX announcement 24/8/2011.

Guilford Coal engage UBS to investigate a seperate ASX
listing for Terra Energy, and as far as Iknow this has
not changed, they state also in that ann that mining
2 - 3 MTPA would give them $50 Million cashflow, since
then they have increased there holding in T/Energy from
70% Now 75%.
If this is the case.
Now with the developement of the East pit as well, and
up to 12MTPA mined, I can see
up to $200 M cash flow in 12 Months time,or later in
2013.
If the float goes ahead, I can see a share allocation
going to GUF S/Hs lets say 1 in 10, share price of the
float would be in the vacinity of $3 p/s.

The bonus is that the company will not have to go to
the market, or have a share dilution to develop the
Nth Queensland Res.

Now some people would not know that the company has
appointed a GUF representative to the goverment steering
committee on the developement of our monstrous resource
in Queensland, also we have the ex mayor of Townsville
on our board, we have also applied for port allocation,
also the company sponsors the Nth Queensland Cowboys.

So all I can see is from now a gradual but spectacular
s/p increase.
The company already has their foot in the chinese door
they would be talking as I type this, so all I can
say is we are in the box seat.

Cheers.
Simmo.