Ann: IFE Brisbane Mining 2010 Presentation , page-52

Thanks Thadius, so if it's the buyer who is responsible for the international shipping costs and therefore it's the buyer who derives the benefit of future reduction in costs, why does the company continually refer to future reduced shipping costs through the use of larger cape sized vessels as being some sort of benefit to the robustness of the economics of the project? More importantly, why have I been personally informed by the company that it will be paying the international shipping costs? This is the sort of communication breakdown that is contributing to the confusion that is causing the current weakness in the share price.

Stagman