Ann: Lochinvar Scoping Study Update, page-30

Just another hurdle today. Quite a few boxes ticked so far:

1. Survival of Port Talbot (important due to 34% of coal sales directed to UK steel industry). Check.

2. Coking coal price stabilising going forward in relation to China's National People's Congress meetings. Check.

3. GBP stabilising at a lower level in relation to 'Brexit' and Article 50. Check.

4. Updated scoping study with a substantially lower break even price. Check.

5. Next? Some drilling to increase resource and reduce breakeven to make the project even more viable and attract another strategic partner or purchaser when the GBP stops falling. TBC.

We're like a market submarine atm with financially backed tin project and highly prospective leases in NZ with no-less than the best geos for the region on the case (not that many clicking briefly through this forum will actually read their research which is more than just a guess at the possible source of the placer gold).