CTPs Range project with only 77km2 and thickness of coals 30m who recorded 2c = 270PJ
EXR
2c of 1000PJ for 200km2 Nomgon with the existing step outs doesn’t seem that nuts at all considering the heterogeneous nature of coal seams as RC says.
Take your pic of SP possibilities for TO offer based on
Resources
$0.2/GJ for 3C (800M shares)
2000PJ SP=$0.50
4000PJ SP=$1.00
10000PJ SP=$2.50
14000PJ SP=$3.50
Reserves
$1.50/GJ for 3P
2000PJ SP=$3.75
4000PJ SP=$7.50
10000PJ SP=$18.75
14000PJ SP=$26.25
48000PJ SP=$90.00
It might get real quite quickly this year....
V
