They only paid 7.8 million because they brought a percentage from peabody,not all of them. Interesting that peabody believes these mining areas are unexplored with the potential to hold major coal resources.They have asked for there 1% cut. Seems there opinion is correct as ceo have struck 2 major coal seams already.Expert report seems to confirm this especially the coal quality! Let us not lose perspective with this 20 to one consolidation .We have not lost anything with this happening.If the drilling comes up well shareholders will be rewarded.Imagine what price this company would be if we were in australia and struck two major coal seams like this. Great days ahead for ceo
CEO Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
