Ann: Scoping Study Commences on Hinton Coal Proje, page-4

re: Ann: Scoping Study Commences on Hinton Co... I agree short term traders will not like the reporting back schedule mentioned in the announcement and probably are responsible for the SP due to profit taking.

Do not agree however that the pre-feasibility study will determine the viability of the project. My understanding is that a scoping study determines the potential to proceed towards development whereas the pre-feasibility is more about determining the preferred development options resulting from the scoping study.

Hence news will arrive in the December quarter or Oct-Dec/09.
I also place a reasonable level of confidence that the potential to proceed to development will be made on the back of the recruitment of Gene Wustay.

So maybe the Short term traders will do the LT buyers a favour.

Regards.