I explained why i thought there was little difference in having 1 billion or 2 billion tons based on the effect it would have on the share price. I'm not asking you to agree. The strip ratio's are high as there is much overburden between seams, and seams are thin. Go over the results in more detail. Where have i ever said it was going to 10 cents? I'm nt going to re-quote myself here. I can't believe the comment about EER being relatively un-known. Any investor with a miniscule of interest in coal in this basin would know of EER and what it has, dont be so ignorant as to think otherwise. In fact a tenement of this size anywhere in Australia would be on many many radars. Fact is that no one is yet convinced its a money maker, hence the sp going nowhere in 3 years as compared to others in the area. I still hold because i'm hopeful of better seam thickness and proximity to come. This market is ruthless if results aren't above expectation.
EER Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held