CNW cirrus networks holdings limited

Ann: Exploration potential target 280-350 billion, page-10

  1. 3,267 Posts.
    re: Ann: Exploration potential target 280-350... Bandalup, I agree, the previous drilling is extensive and has some true data associated with it.
    The para I find worth following is where they mention they expect to be able to get an inferred resource in accordance with the JORC code, if they do that it has a lot of share price upside ( a very large upside with only about 100m shares on issue)...

    "The exploration target tonnages estimate is based on coal thicknesses from previous drilling
    and the estimated strike extent of the coal measures based on seismic data. A geological
    basin model is currently being developed by Liberty and its independent consultants are
    seeking areas where inferred coal resources can be estimated in accordance with the JORC
    code. The company is confident that some of these areas will have sufficient data to
    support inferred coal resources from further investigations and evaluations."
 
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