Ann: IEC April Update, page-2

If they are only selling say 85% of the coal produced per annum and the costs of production are static at say $35 mill with sales at $74 per ton then I think the current share price is fair value given the perceived risk profile.

Probably stating the obvious here but we need to sell all coal produced and production needs to ramp up dramatically.

I don't know how we can ramp up production without another capital raising or increasing debt in a similar way that say Terracom have. Then are we able to even get it to the nearest port anyway?

Seems like if the proposed power station doesn't go ahead we are going nowhere.