how can we mak money if we cant even read

If you read the first paragraph of the announcement it states that they have aquired a 55% interest in 2 projects in Vetleegte and Olieboomsfontein. However the first bullet point states a Coal Resource estimate of 508mt only for the Vetleegte.

I rang and spoke to Mal Smart and he said that the 508mt is for Vetleegte and can't say much about Olieboomsfontein apart from that they obviously wouldn't have aquired it without knowing the potential for coal in that area.

So you could assume they have a much larger resource.


Here is the part of the announcement i was referring to!
Take special note of the last bullet point........


Firestone to acquire an Interest in a 500 Million Tonne Coal Project
from Sekoko Resources (Pty) Ltd in the Emerging Waterberg Coalfield of
South Africa
The Directors of Firestone Energy Limited (“Firestone or the Company”) are pleased to
announce that the Company has signed Agreements to conditionally acquire up to a 55%
interest in two coal projects, Vetleegte and Olieboomsfontein, located in the Waterberg region
of South Africa, the key highlights of which are:

• Coal Resource Estimate1 (Inferred) Vetleegte Property 508 million tonnes

Things i understand will be allot clearer very soon.