Agreed, not many people understand the difference between...

Agreed, not many people understand the difference between thermal and coking coal and usually has a negative sentiment towards either without understanding it’s importance. In my opinion thermal coal is a dieing commodity and will always have a struggle in trying to sell to the market with all the glam echo friendliness of renewable resources. At this moment in time, coking coal plays a valuable source in the production of steel and currently has no replacement from my understanding. This will be benificial to our companies progress as there will always be a market for our product compared to thermal coal which is replaceable.

It will be very interesting if managment can pull off both projects leaving enough skin in the game, but I believe we shouldn’t need to sell our whole share in either to get one going.

In my opinion Redmoor is 100% by the looks of it and I will be shocked to see them pull out of this. Both NAE and SML seem determined to see Redmoor go into production and the grades are there to show it. Capex can be reduced to a minimum if we use nearby neighbour WLF as a treatment plant. Funding will also most likely come when the market understands that this is actually going a head and ready to produce.

Lochinvar on the other hand may require a JV partner or some massive funding to provide initial capex. I would hate to see them sell the whole project as it may be huge in the long term, but don’t won’t to see it on hold again for the next 3 years either. Let’s see if managment can pull off a good deal with this project as they have mentioned in the last few announcments that they are discussing possible partners