botswana coal next to worthless ?

My evidence for this is that a UK micro-cap has just invested into a Botswana Coal company claiming to have 'billions of tonnes of coal' for the princely sum of wait for it...

$250k

That values each tonne of coal at fractions of a fraction of cent !


http://www.investegate.co.uk/paternoster-res.-(prs)/rns/investment-in-shumba-coal-limited/201302071008073731X/

("Paternoster" or the "Company")

Investment in Shumba Coal Limited ("Shumba")


Paternoster is pleased to announce that it has invested US$250,000 as part of a financing for Shumba, an exploration company focused on the acquisition and development of highly prospective coal exploration licences in Botswana. Shumba is majority-owned by Botswana nationals and will shortly list on the Botswana Stock Exchange. It is also in the process of seeking a listing on the Stock Exchange of Mauritius.
Shumba's most advanced project is Sechaba which has approximately 1 billion tonnes of JORC compliant thermal coal resources. A positive scoping study has been completed over this area, confirming the potential to produce coal by 2016.