Was a major panic, but managed to subdue the flames. Not as stupid as when I minied straight down on a mates world, and fell into lava. Lost 78 redstone, 25 gold ore, 90 iron ore and 120 coal. Plus my diamond pickaxe, shovel and full diamond armour. Lucky he saved about 10 minutes before.
Looking for people to join me in an epic Minecraft build once again. Its in creative, so if you are interested, message me for details.