Ace of spades - like your bullishness not ramping of course.I...

Ace of spades - like your bullishness not ramping of course.

I have tried to run management by a few broker mates in Perth - no obvious gaping holes but you never no.

Equally tried to contact co - but nil luck to date.

We all appreciate Mongolian coal plays have been the latest fad / potential of late and all from a very low base.

Current m/c ~ $30m.

my ?'s

How secure is the overall deal? What % are the JV's getting and what exactly when done?

What are the JV partners like/standing?

Where is the 3rd drill hole in relation to the second - distance?

We have been given some info on the coal quality?

Is current drilling over obvious trenching? - I would imagine so.

Why is the Peabody open pit mine not operational - was it ever and are they just waiting to prove up a resource?

What of ck coal prospects here or elsewhere?

Like the story but proceed with some caution.
I appreciate they are obvious ?'s- I will persist.


finch

karratha

gas ships still leaving - Iron ore still coming in and dodging bulk carriers to get to the red Emp spot.