confidence building, page-39

Now I am not going to do all of the sums, it has been done a number of times here before and at the end of the day we all need to use our own ruler to understand what we are investing in. Intoto, repeat intot. What I say or anyone else for that matter.... is in real effect just blah blah blah (as you point out 007) but we like to do it.

I am not an expert on coal but I use all the reference material I can get and bounce of others to verify certain matters.

For KRL I worked out what they had in rough figures across the tennements. I then referred to my textbook, "The Mining Valuation Handbook for investors and management by Dr Victor Rudenno, 2nd Ed., 2004 Wrightbooks. And bounced off some people within the industry.

In short and in my opinion (I am no expert on coal, gold is my thing) This mob are sitting on resources equal if not better than Aussie coal companies in the $10 region.

However....they are just starting out, have not proven they can deliver and have been a lot of hot air till now (like yours truly has been too)

But putting that aside (with apologies), for 16 cents, this has to be a very very good prospect.

Go the roo.