And why not this looks like it could explode in the coming days!!!!
The results from the Geos Mining study – based only on this previous drilling undertaken - are that EL 3325 contains:- • 690 million tonnes of inferred resources of sub-bituminous coal with a target of between 2 billion to 3 billion tonnes of coal. The text of the Geos Mining study statement is attached. “The outcome of the initial study on EL 3325 not only indicates a potential for some 207 Billion cubic feet to 1.1 Trillion cubic feet of Coal Seam Gas (CSG), (based on 300 cubic ft per tonne coal) based on a notional gas content of 300 scf/t, but also enhances the potential for value-adding options for the coal itself,” SAPEX’s Managing Director, Mr Andrew Andrejewskis, said today.
SXP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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