Ann: Listed Options Top 20 Report and Distribution Schedule, page-10

Bas v
food for though
tmk Vs exr
imo the difference between these two is simple besides exr have grandis in Queensland
but when it comes to Mongolia
i kinda rate them the same ruffly
reason being the seams run east to west
even though exr has 3 x the land size the blocks are approx the same width east to west so the only difference imo between them is the 6:1 ratio in difference of amount of shares on issue as the reserves in coal and amounts of coal could be quite similar in both blocks in the long run
exr have gone the route of finding all basins first then to prove up nomgon ,tmk have defined one area and gone for piolet first to prove up area but will define more on exploration imo the two companies have taken the correct approach in working with what they have ,soil ,cash in bank etc etc
eitherway I think by Xmas Mongolia gonna be most talked about stocks