Ann: Agreement to move to 100% ownership of the Ashford Project, page-6

• global resource of 13 million tonnes of coking coal within the Exploration Licences at Ashford in northern NSW.
• @ $US200 per tonne

Gross = $US 2,600,000,000/0.77 = $AUS 3,376,623,376 ($AUS 3.37 bil).

"At Completion, Renison Coal will be required to make a reimbursement payment of $375,000 to NEC and Renison Coal will assume the ongoing work program and rehabilitation obligations for the tenements."

Seems fair to me!