sounds positive, page-24

N Terra that was an old sales agreement terms that 90% would be paid upfront. That was ages ago and I don't think that is in place now.

The cash costs are down to $74CIF landed in China. They did this because they made more savings by buying upfront some of the plant for crushing and screening and other plant that at first they were going to contract out.

So by doing more things themselves it means capital costs have risen from $12mill to $22mill but the savings will be long term worthwhile.

I estimate there could be say $2p/t extra say for interest on the finance to purchase the barges or up to $8p/t if they have to lease them as per the company presentation.

While they were in Sydney they met with some financiers but what stage they are up to with them, I have no idea. However I am sure it is all on the proviso the approval coming through.