re: Ann: Coal Resource Upgrade Exceeds Expect... I would'nt be expecting too much of a rise people. This is only an increase of 70 million tonne (there abouts) of useable coal right? Anything above 5 metres thick right? Which puts the useable resource to 364mt approx? Am I reading the announcement right? Its still pretty good though.
CNX have enough coal resource now to convert this into a multi billion dollar company but "We just need some signed gas sale deals". Although it took the CSG industry a while to get recognition and fair valuation. UCG and CNX is the next sleeping giant IMO.
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Ann: Coal Resource Upgrade Exceeds Expectations , page-8
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