"EER: 1.2 billion tonnes of inferred raw coal resource, significant upgrade to be announced in April 2011".
Upgraded to indicated category, resource may drop a bit...measuring a indicated resource is a lot more thorough and consultant may not include seam's that are not mineable...
although Indicated resource is a lot more valuable!!!
From alphman?s post;
Recent reports by Stonebridge has an average EV/t for QLD coal explorers with: