Ann: South Galilee Project Update , page-7

Hi petrochemical,

I agree that currently BND is

"largest thermal coal company in asx is no joke by any means its a solid company".

BND has in it's own right 1,392bt of thermal coal.

However, there is another company on the ASX that has tenements in the Surat Basin that has 1,193bt of JORC compliant thermal coal and I expect within the next 6 months to grow to over 2 billion tonnes in it's own right.

It seems that BND now has some stiff competition with regard to the monetization of it's coal tenements. The very same companies rumoured to be interested in Bandanna are now also looking at another ASX listed company in Metrocoal (MTE).

You might want to have a look at the link below. Same reporter, same media outlet that reported initially on suitors for Bandanna.

R-Power, CESC, Essel Mining in race for Australian firm

:)
Nic