Not previously noted by myself in the Cannacord valuation is an extract from the in-depth part of the report.
"Importantly, this booking would require reserves to be assigned only in the R2 through R7 coal seams in the south-west corner of the permit. If reserves were also allocated to the R1 (which was 11m thick at the R3 pilot and appeared to have higher permeability than at the R1 pilot) there is potentially further reserve booking upside".
To view all the report click on the underlined heading Cracking the Code in the Galilee. It is very comprehensive. Some of you may have already seen it but others like myself was not aware there was more to read.
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