junior thermal coal plays, page-42

BLK - Blackham resources
It has a lower rank lignite coal that can be upgraded to an export thermal coal quality with new technology.

-Coal seam at shallow depths and can be mined for AU$4.86 per tonne as per Mining Study - http://www.asx.com.au/asxpdf/20100621/pdf/31qxpp1ytp0rt3.pdf

-Resource close to rail and port.

-Resource valued at $0.007c IGV per tonne in situ.

-proposed Coal to liquid facility and can produce a barrel of oil $38.22 per barrel. (has over 600mboe)

-In talks with chinese for funding of project, like Cnooc and Altona energy

Market cap approx, $8.5m