re: Ann: QLD Thermal Coal 6.6-18.7 Bt Explora... In actual fact...

re: Ann: QLD Thermal Coal 6.6-18.7 Bt Explora... In actual fact the ASX and ASIC are very cautious about exploration targets and make sure announcements don't confuse resources with potential targets. There is plenty of science available for bulk commodities to back up target ranges like this. A lot of the iron ore exploration companies do it, based on knowledge of the stratigraphy they're exploring, average thickness, typical densities and usually a fairly conservative success/conversion factor.