What is interesting with these results is that whilst it is a relatively small part of the total project, 250 - 300 MT of Indicated Resource on a 1x 1 km grid, allows for a most exciting further infill programme to take it to the next measurable level.
With or without a further upgrading of resource, this will allow them to plan a stand alone project with the highlight being "low sulphur". I cannot recall any previous calorie values of the previous reports but, there is always a market for the low sulphur coal if shipping can be balanced against low cost production. This will come down to overall depths and mining methods.
So far all the boxes are being ticked and whilst I stated previously, "big is beautiful", it will take many years to mine out what they are already reporting here. Certainly more than I will be around for.
NMR Price at posting:
2.5¢ Sentiment: ST Buy Disclosure: Held
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