The Thar coalfields are one of the largest coal deposits in the entire world, something like 200 BILLION tons of coal. CXY only has a small tenement granted, true, but you can bet that if the technology works, the Pakistani government will be throwing tenements at them faster than they can drill them. Particularly the tenements that aren't amenable to open-cut mining.
Cougar is going over the old Pakistani Geological Survey records from the Thar so you can bet any more choice tenements will be snapped up.
Pakistan will probably end up many times bigger than Wandoan.
Definite long-term buy, but it could end up being very long-term...
Add to My Watchlist
What is My Watchlist?