Ann: Redmoor 2018 Resource Update, page-198

I'm not surprised in the historical lack of interest in 2008. they only got the licences in 2012 and commenced exploration in 2013/14 to arrive at the maiden JORC and Scoping study at the end of 2014. Then 2015 and 16 were pretty bleak for coal and coking coal prices and only recently has the price upturned and looked more favourable. for a good part of 2016 it was sitting at $78 USD a tonne which is pretty rubbish margin so they decided to stop spending money on it. interesting to note though even at its lowest price point the coke cole price never went lower then $70 USD a tonne... so in theory this operation would remian solvent if the worst times were to occur again. So as long as coking coal can maitain the price levels from the last 1.5 years i think there will be movement at the station sooner rather than later.