short term upside, page-26

ATH for EMX.AX, 29 Mio shares representing approx. 9 Mio AUD for CNX. Nice asset.

I wouldn?t be surprised if Antofagasta is going to get voting rights, i.e. sign up the next capital raising in 2011 to develop some deposits in South America together with CNX. Until now they are doing well in the copper mining business and it looks like that are likely to enter the coal mining business via their exploring activities and the JV with CNX.