quarterly, page-3

Of note was the mention they were in discussions with other parties in the region to explore "synergies" in order to improve project efficiencies and returns.

If ARH can get away with paying a reasonable through-put processing charge to Citic to access some of its infrastructure it could dramatically reduce the cost and of course timing to production.

Citic needs to iron out its own cost overruns quickly though - the longer it takes them the more likely tie up or JV will be required with ARH (for both their sakes). Otherwise it will be tough for ARH to go it alone and build all that infrastructure for the sake of a measley 1b tonnes.......a throughput charge payable by ARH would also help Citic get back in the black sooner.

Hang in their Comerant..........The tunnel has been long for you my friend but am still confident there is light at the end for all.