Zin, it's worth mentioning -again- here that EER's Coal resources are far more attractive to Any Potential Buyers (MANY, I am sure....), than most other Resources in the Galilee and even Bowen Basin for the following two VERY IMPORTANT REASONS.
A). EER's Resources (around 3 billion tonnes!!!) are mostly near the surface, thus allowing for the much easier and money saving (millions of$$$$) OPEN CUT MINING..... And.....
B). Being All (Coal Resources) in One Tenement (South+North Blackall) the Development and Mining of Coal will Only need One Initial Mining Investment, not 3 or 4 or 5 as may be the Case with other Companies Coal Resources and their Mining Development, depending on How many Different Tenements they have....
This very important , and not -as yet- duly emphasised Characteristic of EER's Coal Resources, can also save (as will the Open Cut Nature of Mining) millions of $$$$, when Mining commences.....
Cheers:)))
Add to My Watchlist
What is My Watchlist?