Agree with upside on the potential of XEN.The 'scoping study'...

Agree with upside on the potential of XEN.

The 'scoping study' raised in the speeding ticket response is imo a signal that they are very serious about getting this baby into production and to market asap.

Typically a scoping study will set a practical tonnage that can be mined per month and from current pricing what annual revenue will be generated. From there a scope of works re what mining methods, infrastructure and transport requirements, full time employees etc.

With a world class coal executive on board to manage the 'to market' process there will be imo some very positive announcements being made in the near future and look out for the SP on release of the scoping results and later on re the project financing.