On the day the JORC came out, I suggested to MB an announcement be issued clarifying the area of land which the JORC comprises.
MB asked me to educate the Hot Copper crowd due to all of the ridiculous phone calls he was receiving.
I made a number of posts about the JORC, which gave my opinion the indicated JORC comprises of the closely spaced black spots and the inferred JORC is the area that includes all of the black spots, including the widely space ones.
I also posted the coloured area in the JORC announcement comes to around 1.5BT
I also posted much of this is probably not economic or sub-economic being either too deep, too thin or too close to the preservation area creek
Given the EER project has the lowest rank coals of only 4,500k energy, the project economics are probably sensitive
The tenaments will probably not have 3 billion tonnes +++ economic tonnes
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EER Price at posting:
40.0¢ Sentiment: None Disclosure: Held