if anything this gives me pause.900km to the port (which in any...

if anything this gives me pause.

900km to the port (which in any instance is a long way)

relatively low quality coal, esp the domestic stuff 31% ash?

massive initial capex for 6MT (obviously puts you well on the way to the other stages)

Exxaro managed to get a deal with Eskom....

On the Transnet deal I find this odd? Transnet doing a capacity study and if not completed its ok? strange?
"Haulage is conditional on TFR completing its Waterberg study to confirm capacity, which if not completed by 31 December 2012 is automatically confirmed."

all about finance really, will it get there? :P