re: Ann: High Quality Coking Coal Properties ...
what a great announcement;
"HIGH QUALITY COKING COAL PROPERTIES CONFIRMED
- Initial raw coal quality tests confirm presence of high quality coking coal properties likely to be enhanced by coal washing - These raw coking coal properties are likely to be highly sought after by Chinese steel mills - Large number of coal samples still to be calibrated with further results to be released to the market over coming week
BTE‐2 Results of Analysis Energy - kcal/kg (db) 6,567 Energy - kcal/kg (daf) 7,530 Total Moisture (ar) 4.5% Ash (ar) 12.2% Sulphur (ar) 0.91% CSN 3 Carbon(db) 67.3% Vitrinite (by volume) 90.1%
The Company has started planning an extensive exploration program on the Ovorhangay licences which it intends to commence immediately upon signing the sale and purchase agreement."
CEO Price at posting:
15.0¢ Sentiment: None Disclosure: Held