Good quarterly report, 5m seem at middlemount is excellent news. Coal quality has been confirmed on adjacent lease as high quality so confirmation of this being the middlmount seem will result in a large economic resource on a 100% property. A company maker for sure. Management beleive this is the case just need some analysis to firm up the discovery.
With coal a hot commodity for years to come the announcement of a large high quality coal discovery will surely create some interest.
It was a shame about the blackwater south holes testing not beeing able to be completed, However as always management are on to it with a diamond drill and will get the results in time.
This is going to be an exciting 2nd half of the year.
As always dyor
BWN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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