Ann: Investor Presentation, page-57

I forgot to mention that I spoke to someone who is working for one of the neighbouring coal mines and he mentioned that the outlook is very bullish in that many of the mines have their full production commited/contracted right up to 2022 so any additional volume/capacity is sought after. If the exploration programme takes 2 years according to the prospectus, I hope they can establish a mine in good time to benefit from the current strong demand. At the moment we are buying the promise.