Not only do they have the tenements next door to NEC they also have QINFA as a 30% shareholder and they are in the process of completing a drilling program to have a maiden resource of between 20-30m tonnes. Not to mention that is on one area on one of its tenements.
Market cap around $30m. NEW HOPE paying close to $200m at current bid price. They should bid for Tiaro Coal and spend the money drilling and prove up something more valuable.
Anyway all good in the long term for Tiaro Coal.
TCM Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held
