the long decline, page-2

I was having a look at Butcherbirds figures, and although they are accurate to a certain degree I think it best to point out that

- The Potential Production figures for all projects are the same for the January 2011 and November 2010 Company Presentations.

The totals given by the company in both instances is +10.0 and not 16.7Mt for Nov 2010.

To get a total of 16.7Mt it would be neccessary to add the figures in the Potential Production column and include the newly listed project in the January 2011 presentation. However this totals 15.7Mt and not 16.7Mt but importantly, as potential production figures are the same for both presentations the summations would be the same (except for the new project of course).

In regards to measured resources for the De Witt Complex that apparently dropped from 91Mt in Nov 2010 to 12Mt in Jan 2011, I think this was due to some a more detailed drilling that was commenced in January and certainly was not complete by the time of the January Presentation.

I remember CCC were not happy with the results of the first survey and needed to reconfirm them.

However by Nov 2011 it had increased to over 48Mt.

Total resources for the De Witts Complex has dropped from 296Mt in Nov 2010 to 252Mt in Nov 2011. These figures will continue to change as more accurate and detailed information is determined.