500m to 1 billion tonnes of coal is possible , page-31

Gazman, saying that one stretch of the Fair Hill seam is crap so it's all crap is equally as dumb as saying that being next door to Blackwater means we'll have a 14mt/year operation.

The reality is that Stanmore have proven a JORC compliant coking coal resource from the fair hill seam formation with 14.8% ash content only their resource is deeper than NRL's.

It's early days and we're all operating from preliminary numbers only, but what we have so far implies a shallow high quality coal. A CSN number of >6 isn't compatible with your assertion of a high ash coal, but might not be representative of the whole seam. I'd prefer to look at the glass half full until the numbers disagree. After all $115 million (current MC) is pocket change for the big players...