CEO
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The announcement is okay ... but from the extra drilling of 4...

  1. bolide
    265 Posts.
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    15/07/11
    10:05
    Post #: 8679257
    The announcement is okay ... but from the extra drilling of 4 holes only hole (5 ) hit anything and it may not even be part of the the same seam.
    The company has doubts.

    Also whereas holes 1 and 2 have logged geophysics showing hard coal - hole 5 does not mention anything other than 12 metres of coal... it may not be hard coal.

    It is still very speculative.



    CEO Price at posting: 12.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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