found this interesting, page-8

I agree with Scragg18. The company may have 1 billion tonnes of coal, but lets steer towards getting production going first and making the company some money and ultimately shareholders like myself and all the rest of you. Once they have started production and selling coal, then with spare money look at exploration. No good having $12 Million of money in the bank and spending it on exploration all the time whilst not having any coming back into the company from production. Walk before you can run.