Ann: Initial JORC Resource for Buller Coal Projec, page-8

re: Ann: Initial JORC Resource for Buller Coa... if the figure is true like what you are claiming, then at 15c per share, we are valuing the project at $18.75m for it.

i think we need raise funds on market, the company only have $1m left in the bank account.

i think the company need to bring out some news for the projects eventually to justify the acquisition. i remembered of reading from the last presentation, we will pay the tenement in tranches. therefore, 125m shares will not all be for the project acquisition.