some perspective, page-17

Mark Earley is actually exercising the option so he must think it is a good play. I might not know much about coal but I think he does. Yes the share would have gone bollistic if the 3rd drill hole had turned up trumps but reality is they have only drilled a few holes (2 of which are very good and one in which the drill got stuck)over vast kilometres of license area.
Yes its speculative but with heaps of blue sky.