Ann: Bundi - Juandah Projects Resource Announceme, page-10

re: Ann: Bundi - Juandah Projects Resource An... Been having a bit more of a look at today's announcement and comparing to the latest presentation.

Looks like the company has delivered as promised. Dispite the focus being on upping the confidence of part of the Bundi resource to "indicated", they have still increased the total resource. Two big ticks for that.

Changes to the Jundah resource needs more explanation from management. "In light of recent developments" needs to be elaborated upon....is it the negative political environment to UCG post Cougar Energy, or is it an upgrade through a better understanding of the geology, mineability and coal qualities that are behind the change to catagorise the project as "underground"?

Overall, it's hard to be negative about today's release (IMHO).

Disc: Holding MLM