The way it see it is the GUF JORC provides validation that there is coal of suitable quality and quanity to support mid to large scale mining operations.
Both GUF & BWD aren't going to compete other coal miners for rail or port access - infrastructure with capacity and won't be carrying the cost greenfeild port/rail do.
A quick look at the neighbouring tenaments shows Vale, Xstrata and Rio - all potential buyers for proven mining oportunities.
Both represent value IMO.
But as always DYOR.
BWD Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
