buzz, page-8

i noticed you mentioned coal before.

i don't know if that was a guess, but i noticed today that, for comparison sake, LSA has a MC of $45million on the back of a coal project acquisition about to take place, and that is before a further 300million shares will be issued at 3c to pay for it (which effectively would make the MC around 70million after todays price hike, and that is on a red day). that is for a 60 Mt resource.

i guess if it does turn out to be coal, even if they have to issue another billion shares to pay for it, that still leaves room for the current sp to double or triple comfortably before anyone even lifts a pen, assuming an equivalent resource size.


this could be huge