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0.00% 3.6¢ east energy resources limited

Ann: East Energy welcomes GVK investment in Queen, page-4

  1. zinvestor
    2,917 Posts.
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    27/09/11
    14:34
    Post #: 9016931
    re: Ann: East Energy welcomes GVK investment ... we should see a good upgrade soon;

    from the last announcement eer had completed 12 Rotary Air Blast (RAB) holes for a depth of 1,562m plus 30 core holes, if at 2km centres would be 120km2 by the 6m coal seam (as implied by EER northern seam mirrors the south) at a density of 1.4t/m3 - you'd have to say 1.5bt would be a conservative assumption.


    EER Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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