coal seams 12m+ -2bt by end september possible

Should top 2bt quiet easily by September if the 12.5m coal seam is consistent on the whole northern Alambi tenement area.

Have a look at coalbanks Investor Update Presentation Noosa July 2011 http://www.asx.com.au/asxpdf/20110708/pdf/41zp1ly9wy2qz3.pdf
page 16 of 27 shows registered water bores in the middle of Alambi at 12.5m.

@ 1.5bt, $1.30 is a fair val considering it would still be discounted by 50% compared to peers.

@2bt, rail agreement, port allocation and MDL - who knows, all i know the share price will be a lot higher then today.