they said, per the NEC announcements, the NEC JORC seams had a cut-off 0.1 metres (where as TCM is using 0.5 metres)
they said thin seam mining is a well established practise
they said 30mt is just the target for the small deposits of T9, Munna Creek, etc
they said the coal is "shallow" per industry standards
they said to research "Walloom Coals" for more information
i was in & out yesterday, with a large position, but took a smaller position this morning
my impression is TCM are pretty slow at what they do
eg. NEC proved up their resource 10 fold with three months
******************************************************** NEC April 28, 2010
Maryborough Hard Coking Coal Resources Increased by 46% Further Substantial Upside Identified ? Potential For More Than 200 Million Tonnes
Only coal with less than 150m of cover has been included in the Indicated and Inferred Resource, and a minimum thickness of 0.1m has been applied to all seams.
TCM Price at posting:
23.5¢ Sentiment: None Disclosure: Held