Yes looks very encouraging wt, they have continued drilling for a week now in what is only 3 to 4 deeper holes testing further extensions of the current seams, the washability testing may take a little longer but I suspect they would have a fair idea now about the actual size of these seams and whether they continue to grow in potential. IMO the ash will wash out fine with southgobi resources getting there high ash semi coking coal down to around 8- 11 percent, and the calorific value of nru's coal is excellent. The buying last week which came in waves with some big chunks taken while keeping the sp controlled and in a steady rise was good and looked like some bigger positions being set rather than the short sporadic spikes and falls of the last month or so.
NRU Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
