Ann: Elan Project and Corporate Update, page-17

It’s pretty simple.......

Hancock paid 800m for a unpermitted tenement.
Atrum’s mkt cap at the moment is circa 30mill
Atrums project is 4x the size of Riversdale and holds better quality coal valued at 1.4bill......30-50mill for a punt that the gov will allow mining on the Elan tenement?? ....Money talks at the end of the day and Hancock has LOTS of it
That’s how the rich get richer my friend

My opinion only