potential coal quality---rangal coal

"The Orion Downs EPC, which covers an area of 1,027 sq kms, lies to the east of Yanzhou Coal Mining Company's Minerva and Athena operations (79Mt and 560Mt of thermal coal resources respectively),


south of Bandanna Energy's Arturus and Springsure Creek projects (511Mt thermal coal resource) and west of Xstrata's Rolleston mine (600Mt resource and 9Mtpa thermal coal production).


The Rangal Coal Measures are being targeted."


Located between 560Mt Yanzhou Coal Mining and BND's major asset- 511Mt thermal coal resource,covering 1027 Sq Km, I cannot help but think EOC may hold more than 500Mt thermal coal resource as well.

This is only 1 of 10 of EOC's huge coal tenements in Bowen basin.


With $10 million cash on hand, nil debt, I wonot sell 1 share under $1.00.

I already missed BND, NEC, EOC is definately my long term target, and I only found EOC&NRL has similar huge potential with BND,NEC.


As EOC's tenement is so close to Yankuang, BND's flag ship projects, once these two "coal major--MC billion" start production, they will of course consider a takeover offer for EOC.

Good luck holders!