That should make the possible JV partners sit up and take notice, it may well be that the Coal is are most promising resource at the moment.
CB
Previous independent reports have estimated the total tonnage of coal above 1,000m as being 635 billion tonnes (low estimate) to 865 billion tonnes (high estimate) within Centrals wholly owned subsidiary, Merlin Coal Pty Ltds mineral leases and 1,110 billion tonnes (low estimate) to 1,385 billion tonnes (high estimate) above 1,000m in the same category in Centrals petroleum leases in the same area in the JORC Exploration Target category (Mulready and Maynard June 2009). Note: the potential quantity and grade of the coal is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
CTP Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
