hodges resources - targeting 2.5bt

Hodges Resources just gone into TH pending resources announcement.
They are targeting between 2.1 and 2.5BT. Share price is currently 27c and current JORC resource is only 414 Mt insitu !!!

And their current market cap is $23 million!!!

The size of our resource is higher!
The quality of coal is higher! ( ie 2.41 BT seams 3 and 4 and lower 2 )

It will be very interesting to se how Mr Market reacts to the HDG annoucement in coming days - May shine a brighter light on NMR!!!

Hodges Current Resource :

Gross Insitu Tonnes (Mt) 487.4
Geological losses (%) 15
Insitu Tonnes (Mt) 414.3
Ave Seam Thickness (m) 5.50
RD of Coal 1.61

Raw coal quality (air-dry basis)

CV (MJ/kg) 20.9
Ash (%) 29.7
IM (%) 3.4
Vols (%) 20.0
FC (%) 46.8
Total S (%) 1.2

PB