zyl versus the rest of the world, page-26

If ZYL were selling their anthracite right now, I doubt they'd get the margins previously stated.

Obviously there will be some debt and or dilution to get into production, but, relatively speaking, it should be at quite manageable levels. You look at companies like CLR with a very nice coking coal project in Queensland, but something like a billion dollars of capital required to get it off the ground.....a very tough proposition in these markets.