Ann: Becoming a substantial holder , page-11

In theory, the BMA lease is on the eastern side where the outcrop or base of weathering is expected. Usually (in the area) the seam dips from west to east which does not leave too big a chance of any economical coal to the west of the lease, except if there is another deeper seam or any up throw due to structural disturbance. That was the same chain of thought on CLR's Grosvenor West, but in practice we have seen something totally different. Let's hope for the same surprise here.