GLX gulfx ltd

185 mt of jorc compliant coal resource at clin, page-3

  1. james99
    1,625 Posts.
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    08/10/08
    11:00
    Post #: 4357991
    It is not really that positive. The 23 May 2008 company presentation stated that Clinton had 340 MT measured and 440 MT inferred. What there actually is to JORC standard is far less: 138 MT indicated and 47 MT inferred, totalling 185MT, so under half the previously presented amounts in each case and in total.

    Clinton of course was stated as the biggest deposit. It makes reaching the projections very difficult.
    GLX Price at posting: 7.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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