eccoi,they are low on cash but don't forget all the high cash...

eccoi,

they are low on cash but don't forget all the high cash burn items are done - for example drilling and consultants for JORC, MDL application, calibre rail has completed the preliminary rail option and EOI to operators for rail and port access.

now their next step as mentioned in the last presentation is the scoping study and an infrastructure solutions - once these boxes are ticked you can be pretty certain if not Noble other deep pockets would be lining up to fund this to production.

EER is a potential FMG of coal if they don't get bought out before hand that is with all the interest in the area for EER's type of assets.

2bt - all open cut - I can't see to many in the world with this type of resource...
there is a heap of coalers with big resources but 500m below surface, which is a bit of a worry.