scrap paper valuation, page-37

Id say thats pretty close to what it should be with a DCF for DeWitt Certa.Interestingly thats what you come up with on a EPS basis from the looks.

If DeWitt was producing I take it your EPS would be a fair bit higher given DeWitt will produce around another ACTUAL 1.5Mt/Yr of export thermal.

Im hoping CCC cracks the whip with the drilling and gets on with BFS's for Vaalbank and X.After all they have said theyd try to fast-track Vaalbank.It would be good to know just what this relies on atm.We know that there are talks going on with Total based around seam access via Totals Forzando mine.But does a fast-track of Vaalbank totally rely on such access.

d.