Early days, and coal is a 4 letter word in some circles but it...

Early days, and coal is a 4 letter word in some circles but it looks promising to me, and a tiny MC of $2.5M-
" Maiden JORC Compliant Resource Estimate: Stratos Resources Ltd (ASX:SAT) is pleased to release a Maiden JORC Compliant resource estimate for the Hinton North Coal Project in Alberta, Canada.  High Proportion of Measured and Indicated Resources: 92% of JORC Compliant Bituminous Coal resource is in the Measured and Indicated categories.  Strong Infrastructure Characteristics: Coal project is ideally located close to key infrastructure being 10kms from open access rail with access to domestic and export markets. West Coast Canada ports provide access to the key Asian markets of Japan, South Korea and China.  Attractive Jurisdiction: Alberta is one of the most attractive mining jurisdictions globally. In 2013 Alberta was rated No.1 in Canada and No.3 globally of 112 jurisdictions in the Fraser Institute’s annual survey.  Pre-Development Stage Project: The project is a Pre-Development Stage project with over 7,000m of drilling already completed and a granted mining lease in place over 2,756Ha. The lease is located in Alberta Coal Development Category 4. While Categories 1, 2 and 3 impose special environmental constraints on development, Category 4 does not. Category 4 is the most desirable for potential mining operations and development. Stratos Resources Ltd (ASX: SAT) is pleased to announce a maiden JORC Compliant resource estimate has been reported for the Hinton North coal project (under option) in Alberta, Canada. The JORC Compliant resource estimate was prepared by Norwest Corporation of Calgary, Alberta. TABLE 1 HINTON NORTH COAL PROPERTY STRATOS RESOURCES LTD. COAL RESOURCE SUMMARY (EFFECTIVE DATE NOVEMBER 5, 2014) ASTM Group In-Place Coal Resources* (Ktonnes)** Measured Indicated Inferred HV C Bituminous 80,371 26,395 8720 Total 106,766 8,720 *Resources tabulated are those suitable for surface mining **Estimated from Surface Down to 20:1 Strip Ratio Limit See JORC Code 2012 Edition – Table 1 at Appendix 1 for further details. Hinton North Project The project is located in west central Alberta, 7 km north and across the Athabasca River from the town of Hinton, approximately 300 km west of Edmonton, Alberta (see Figure 1 ). There are numerous operating mines in the area (the nearest mine is 25 kms to the north east) and the major east-west rail line is 10 km south of the project which links to the domestic market and the West Coast Canadian ports for export (see Figure 2). The market for coal in the area includes domestic coal consumption with potential for export via rail transport to the West Coast (British Columbia) ports of Vancouver and Prince Rupert to the key coal consumers in Japan, South Korea and China. The company believes there may be an opportunity to rework some of the historical mining studies undertaken on the project with a view to applying new and improved mining technology. Figure 1: Location of Hinton North Project and Other Operating Mines in the Area Figure 2: Location of Hinton North Project (shaded red) showing proximity to nearest Town (7km), rail line (10km) and mine (25km) Resource Area A map of the lease area is shown at Figure 3 below and the sections A, B and C (showing the multiple seams on the mining lease) are shown at Figures 4,5 and 6 respectively. Figure 3: Mining lease map with drillhole locations, measured, indicated and inferred zones plus section lines Figure 4: Section A.