Looks like NRU has a lot more coal than first expected. Remember this project is close to rail in Mongolia(50km)
They have basically identified some 9 near surface coal seams for a collective coal thickness of some 20m.
Doing coal tests to see if this has coking coal potential.
They have hired a rig to seek a JORC resource kick off for the next qrt.
This has been a hell of a wait, but this project looks enormous. According to the announcement, the company has identified 9 seams in an 8sqkm area x 20m collective thickness. That is billions of tons of coal from my back of the envelope numbers. NRU has a tiny market cap.
They are also currently looking for similar smart deals in Mongolia etc. dyor
enourmous coal deposit in mongolia
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