let's face the facts, page-7

leggin7777,

I do not think we can put to much reliance on Dewitts at the momment given the BFS figures that were released and current state of coal prices and unless also there is a major breakthrough with regard to cap ex requirements- I recall that the BFS assumed an average $110 per tonne for export coal and together with the local mix of coal sales only delivered after tax cash flow of $36m pa with capital required of $200m + ( with possibility to decrease by $60m on optimisation) - if $110 sale price for export was reduced to $90 average over LOM - impact ?-distinct possibility of being barely economic?

cheers