HDN is acquiring Minvest who, apart from deriving fees from services, has 2 drilling companies, one in Australia with some 8 drilling macines and one in Indonesia.
Thus, there should'nt be any problems with drilling the U projects in the NT, although there are some existing contracts to fulfill.
Minvest has been operating in Indonesia for quite some time and is familiar with the coal projects, they have, including the latest two in Borneo.
Rivers are being used to transport the coal and I understand that a road will be made to shift the coal to the river at some stage. HDN does'nt see any problems.
I don't know if any logging road is available.
Gerry
HDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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