News would expect about fund. condor will be able to move the marianas project into production and generate cash flow in the near term. cdb have not be make any cr anymore. no further dilution of shareholder value if they use the money carefully...
the coal acquisition (Duel / Universal Annex / Mopane) will be a next major step to move the company forward. the "universal annex project" lies next to Universal Coal plc' project "Berenice /Cygnus.
Berenice Project:
Coal resource
1.35Bt Gross in-situ measured (424.9 Mt), indicated (800.9 Mt) and inferred (124.3 Mt) resource
Product
Coking and Thermal coal
Project Highlights
1.35Bt ***JORC-compliant*** resource
424.9 Mt Measured, 800.9 Mt Indicated and 124.3 Mt Inferred
Coal Zones: shallow, consistently developed, coking coal and thermal coal
look at the bigger picture !!
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more is on the cards !, page-7
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