Hi All Holders,
have held this one for a while now.
Have not had any experience with coal & didn't know if 60m was a good seam thickness or just ok. Judging from ME comments in some announcements it was good.
On the weekend saw a mate who is a consulting engineer specialising in coal and asked him,"what is a good seam thickness?"he said "that they will dig down 150m to get 6m of thickness!!" So I said "then 60m from surface would be ok,"he said "that would be bloody fantastic".
So it would seem that based on the two holes, 60m & 40m in the one area they have made a call that the whole of the tenements are prospective enough to make the call to Buy.
hope he is buying into CEO today,
cheers
cj
- Forums
- ASX - By Stock
- CEO
- seam thickness
seam thickness
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online