jorc upgrade due - 2bt exploration target, page-16

Mutty Webdog
if your going to down ramp at least know what your talking about,,, UNBELIEVABLE!

your first post;
"I know its relatively close to surface already which is a positive"

then you wrote;
"Strip ratio's are poor and borderline at best so far."

A LITTLE SECRET ABOUT STRIP RATIO;
The ratio is tons of overburden waste material to tons of coal in an open pit mine, seeing EER's coal is close to surface it will have a low strip ratio to each seam and a lower strip ratio is an operational advantage because less overburden has to be removed in order to expose the raw coal.

from EER's announcement page 4;
?? Favourable geological conditions
– Near surface coal - low strip ratio
– Simple open-cut multi-pit mining operation

http://www.eastenergy.com.au/wp-content/uploads/2011/04/EER-ASX-20110420-Release-of-latest-Company-Presentation-and-cover.pdf