NRL northam resources limited (application withdrawn 21 november 2022)

gazman2011, page-44

Currently unlisted. Proposed listing date: 16 DECEMBER 2022 12:00 PM AEDT##
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    Gaz, research note i have which was released after detailed discussion with management states ash content of around 14-16%, and after washing of 8%

    There are two seams of interest both with good depth and at shallow depths

    seam a - average thicknes of 5-14m at depth 15-120M
    seam b - 1-3m thickness at 140M depth

    your points are relevant, however if ash content across teh two main seams is circa 15% would this alter your view?
 
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