coal fe opinions on coal and iron potential

Hi,

Please read the last couple of CES anns. They are performing DD on a PRODUCING coal mine in Indonesia, have several other promising coal tenemants (wide seams intersected in recent inaugural drilling) plus they have also purchased 4 companies holding land with "bedded iron deposits". No other information re grade / potential amounts. Does anyone have an opinion on either the COAL or IRON assets of this company? Are iron ore deposits normally of a particular type and minimum grade in Indonesia?

At a market cap of under $3m, and nealry $2m in cash, their assets appear to be highly, highly undervalued. Long expiring options (dec 09). If the heads SP jumps up to even what could be considered "normal" trading levels, the oppies will be multi baggers. Chartwise this has bottomed, sellers reluctant to go under 10c, though has traded considerably higher throughout 07.

With the increasing interest in coal and iron, would have thought this one would gather some momentum, though needs marketing better - would like some HC thoughts here, cheers guys.