Ann: PEA Confirms Potential Robust Economics on C, page-20

re: Ann: PEA Confirms Potential Robust Econom... The prices I used where long term average prices from a number of analysts, and if you reckon you can get $250 a tonne for HCC you are a dreamer (that is a very small market and I would imagine specific to a couple of buyers and tonnages sold would be low). Its a buyers market, not a sellers market, wake up an smell the coffee. Try and look at things objectively, not through rose coloured glasses because you are a shareholder and want to believe. From the posts re Teck's price was $174. The project seems economic, they have good people on Board, but please don't get carried away with a PEA/scoping study, there is a lot of work to be done, and in a high proportion of cases the costs are usually higher once you get to PFS & BFS, look at Bannerman PEA came in at about $25/lb operating costs & $300 million capex from memory, while the BSF came in at $46/lb operating and nearly $900 million in capex.