Foxleigh Plains North – There was a new pit that was recently opened – on the 20th March it was still a paddock and the first coal was released on the 4th Was this asset taken into account as I couldn’t see it referenced anywhere? Especially given that they will have the ability to export more coal and therefore higher profit?
Cash values – it seems as though the adjusted cash values are still based on the 28/02/18 instead of 31/05/18 on which you had access to? Why is this the case and wouldn’t this have an effect on the valuation?
JORC - the company was working on a site wide update and was expecting an update in the first half of 2018 however delayed until Q3. Was any of this information disclosed/taken into account?
RRP Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held