Boss owns the Latrobe oil shale project in Tasmania, which features an estimated JORC-compliant indicated resource of 42 million tonnes of Tasmanite oil shale, of which about 6 million tonnes is at less than 20 metres depth and amenable to open-cut mining methods.
An additional JORC-compliant lesser category inferred resource of 30 million tonnes of Tasmanite oil shale is estimated.
How many boxes?
1. The Board is transparent and have a strong history of increasing shareholder wealth.
2. Management don't simply hype their stock in press releases.
3. The company files reliable financial statements.
4. The company have conference calls individual investors can listen to.
5. The balance sheet has oodles of cash.
6. The CEO is tenured and is a joint founder who holds a substantial ownership stake in the business.
7. The Top 20 is very tightly held - upwards of 70% owned.
8. Boutique funds and banks are on board
boxes monkeys and cash
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