"EER: 1.2 billion tonnes of inferred raw coal resource, significant upgrade to be announced in April 2011".
Upgraded to indicated category, resource may drop a bit...measuring a indicated resource is a lot more thorough and consultant may not include seam's that are not mineable...
although Indicated resource is a lot more valuable!!!
From alphman?s post;
Recent reports by Stonebridge has an average EV/t for QLD coal explorers with:
Indicated resource: $0.60/t
Inferred resource: $0.30/t
"EER: 1.2 billion tonnes of inferred raw coal resource,...
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