1.5 million hectares in the galilee basin

GUF has a whole lot of land in the northern parts of the basin, and to get a good grasp of just how much land they control, it is more than the Galilee Basin interests of Hancock, Waratah, Bandanna, Vale and Adani combined.

FYI...

COAL TENEMENT COMPARISONS

Hancock Coal
210kHa
7.9Bt Coal Resource

Bandanna Energy
19kHa
589Mt Coal Resource

Waratah Coal
300kHa
7.4Bt Coal Resource

Vale
300kHa
~12Bt Coal Resource (non-JORC compliant)

Adani
26kHa
7.8Bt Coal Resource

Guildford Coal
1480kHa
No Resource

CAP
220kHa (Net WI)
No Resource

COAL QUALITY STATS

** In-situ sulphur content across many of these projects sits at about 0.5%-0.8%
** In-situ CV ranges from as low as 17MJ/kg to 25MJ/kg
** In-situ ash content ranges from 12%-28%
** Seam thickness ranges from 0.5m-8m with a middle ground found at around 6m
** Wash tests on GB coal has generally brought the ash content under 10%, with the CV ranging from 25MJ/kg to 28MJ/kg

Interesting stuff isn't it!

And then of course GUF has their projects to the east of Hughenden, as well as in Mongolia. Some reckon that GUF's rise in share price is unwarrented, but its pretty clear that from day one this stock was built up to be a massive long term performer.