Should top 2bt quiet easily by September if the 12.5m coal seam...

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.