It would seem that some big players have finally woken to the news of the massive lignite resources being controlled by Blackham.
Not so long ago this company was trading well above $1.
Check out the company presentation from the 8 May.
Scaddan West JORC compliant resource Measured 487 Mt Inferred 181 Mt Total 668 Mt
Scaddan East Non-JORC inferred Coal inventory of 187 million tonnes @ 20% ash cut off
Resource plus Non-JORC inventory of 855 million tonnes
Potential for Coal to Liquids (CTL) •Proven “Clean Coal”Technology Available •Produce low to zero Sulphur Diesel Ready Australian Market 100 million barrels diesel per year • Kalgoorlie, South West, Export via Esperance Low Cost Large Stranded feedstock
DYOR
Milo.
BLK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
