Giddy,
you are 100% right - their is a good article on EER in resourcestocks magazine.
The MD goes in depth about rail and port infrastructure - they are in discussion with other miners in the area to team up or others to utilize EER's spur to Hancocks rail and also are in discussion with hancock/GVK about rail and expect capacity once Fed approval is given and construction on the line begins.
With exploration wrapped up, EER is now turning its attention to development - their next step is scoping study, looking at predictive costs for extraction of the coal, transport costs, and port costs.
last two quotes from the MD are rippers;
“With our JORC resource tonnage versus our market cap, there is a massive discrepancy against most other coal explorers in the market.
“I would think once there is an infrastructure solution in place there is the ability for a substantial gain in our share value.”
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company is too quiet, page-7
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