re: Ann: Scoping Study Confirms High Margin C... PDZ = Average...

re: Ann: Scoping Study Confirms High Margin C... PDZ = Average annual operating cash costs of US$37 per tonne

Lubelski Wegiel Bogdanka S.A. = Average annual operating cash costs of US$55 per tonne

US$428,187,605/PLN$1,303,376,000 cash costs
page 5
http://ri.lw.com.pl/pub/files/en_raporty_okresowe/Y2013/jednostka/Financial_Statements_for_financial_year_2013.pdf

for
7,795,510 tonnes sold
page 33
http://ri.lw.com.pl/pub/files/en_raporty_okresowe/Y2013/jednostka/18.03.2014_Sprawozdanie_Zarzadu_LWB_EN_3.pdf