Although some of you will disagree, we need to keep building the...

Although some of you will disagree, we need to keep building the resource base.

As opposed to being just another coking or thermal coal company, we control a very strategic asset in our high grade anthracite. Most of the good stuff in South Africa is already gone, and one of the exporters of high grade anthracite (Vietnam) is using their valuable resource largely to fuel their power plants (what a waste). It probably won't be too long before Vietnam ceases exporting all together.

The end game for ZYL will very likely be that we are eventually taken out by someone who wants to control our assets. The key is therefore to build the resource so that if and when that day eventually comes (and I think it will), we will get full value.