prospectus, page-10

Hi Kiwi. Looking back at the annual report, there is a little more info I think about the wash plant that has always interested me a little. I see it was leased from Fraser Alexander Mineral Processing in Sept 09. The lease payment in 2012 was a whopping $6.5m. I think, although don't know for sure, that is a number they don't include in the mining profits figures they give. Why the lease payment dropped to $3.6m in 2013 I'm not sure. Perhaps Fraser Alex is one of the creditors they are in dispute with. Who knows. Certainly seems to be a good business leasing out wash plants. Better than mining coal anyway!