re: Ann: Additional Coal Resource of 128.1Mt ... Coal of this...

re: Ann: Additional Coal Resource of 128.1Mt ... Coal of this type in the ground would conservatively be valued at around US60c per ton (although given the proximity infrastructure etc, this could realistically be more like 90c pt). This is around the valuation that the co could exect to bring in a development partner and/or raise development finance. This I guess would be around mid next year, when the feasibilty study is complete. At US$60c pt (ignoring inferred resource) this would value the stock on a fully diluted basis at A$1.40 per share, at US$90c at a sp of A$2.30.

I am told there is considerable upside from the Coalspure prospect, and it is telling that the company has used it for its new name. Does anyone have a link to more details about it?

best

G