Still unsure on the scope of the "Dual Coking coal project".. Only 2 RC and 1 DD drilled in 2012? Infrastructure near by but what are they trying to achieve exactly??
Are they trying to drill out the area for a JORC compliant resource and then HOPEFULLY SELL IT? To CZA?? when CZA have a in-situ resource already proven for the next 20++YEARS?
Why are they paying $5M for 24% stake? Is there operating mines on site that are profitable that they are getting for $5M? Doesn't make sense to pay for basically a tenement with 3 drill holes in coking/thermal coal at the moment.... I am confused..
CDB Price at posting:
0.7¢ Sentiment: None Disclosure: Held