bnd at $1,5 billion!!! eer???, page-2

Evan Lincs Galilee sale puts a value on EER's tenement at over $350m or over $2 per share

In my view EER's tenement is a lot better then Lincs and BND's, EER's coal seam being a lot closer to surface. Have a look at BND south galilee resource the majority of their resource is deeper then 120m and will require underground mining, whereas EER's 1.2bt is accessible by open cut method.

Same can be said about Adani carmicheal tenement, the coal seams are a lot deeper than EER..

Once we get an Indicated JORC Resource well then who knows this could be $1b asset!!!