Ann: Elan South Exploration Commences, page-10

This is a coking coal play now, which is infrastructure, which is iron ore. 700kg of coking coal to produce 1tonne of steel.

The 42mil share crossing today is evidence of the desire for coking coal to be held by fund managers and as an acquisition target. Look at the 900mil big from Gina for the adjacent tenement the Riversdale is. This tenement is 3 times the size with a resource already 3 times the size and a drilling program looking to double that.

Dig the coal up for 80$ a tonne and sell it for 200$.

This is what they call a no-brainer.

Wait for the ANN as to see who is now a +5% holder or who has added to their position.