"...significant parts of the PL 340/2008 are also potentially underlain by coal, with the NORTHERN part of the licence area having greatest potential."
I take it this is the area that MAY show similarities to the Sese exploration,whereas 339/2008 is more likely to have the classic Morupule Taukome and Bright seams.The downside here being that the Aquila report mentions that they only explored the main seam(due to weathering issues with the other seam) and the coal quality wasnt up to export grade.But then coal quality can vary quite markedly over these types of areas.
As they go on to say there is very limited knowledge of the actual quality of the seams except perhaps for the assumption that 339/2008 probably has the better Taukome Bright seam being closer to the Morupule mine.
d.
CCC Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held