re: Ann: Bowen Basin Projects Drilling and De...
"The Company's Bowen Basin projects extend from the Dingo project in the north to the Baralaba South project in the south and have contiguous target areas covering an area of approximately 56,320 hectares with Permian age, Rangal Coal Measures sub-cropping over a strike length of approximately 92 kilometres. Production at the Baralaba mine has demonstrated that the seams of the Rangal Coal Measures in this area have PCI and thermal coal properties. The seams mined at the Baralaba mine have been intersected in the Baralaba South and Baralaba North target areas."
So how much coal do people expect is in this bowen project looks like it will be billions.
PSi/ anyone?
COK Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held