re: Ann: PEA Confirms Potential Robust Econom... Any one can...

re: Ann: PEA Confirms Potential Robust Econom... Any one can make a PEA look good, its the numbers that are used that you need to scrutinise!

The sales prices they have used are way over the current spot price. HCC is currently approx US$160/tonne and thermal is approx. US$88/tonne. The long term price outlook on average by most analysts is that it aint going to go much higher than the current spot price and may track down further in the short term.

Put those prices into your PEA and see whether it is still attractive.

For management to not question the group that provided the sales prices they have used, given the current pricing I find astonishing.