I think you are referring to a huge coal deposit found under John Heugh. That was nothing but coal, and was sold off by Cottee. It was sold when coal prices were falling and this was in a difficult location in Central Australia, IIRC, and the sale price was pretty low. Given the coal prices, the depth and the difficult location selling it was probably the best move.
CTP Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
