Took a punt on BWN and now likewise APOC. My cheque is on the way as it looks as tho' they have a JORC resource over one lease which is less than 2% of their total leasehold in an apparently highly prospective area. Coupled with a cashed up "rabbi" in the wings as a major long term shareholder it would appear that progression to production and cash flow should be rapid.
"Offer highlights:
68,360ha of coal leases in Kalimantan, Indonesia 5.1 million tonnes JORC compliant coal resources from one lease of 890ha which represents approx 1.3% of the total lease size Spot Thermal Coal prices recently exceeded AUD$130 per tonne Major Shareholder is Singapore listed energy group,Magnus Energy Group Limited (Magnus)"
