EER1.2bt thermal coal resource on half there tenement, going to...

  1. 2,917 Posts.
    EER
    1.2bt thermal coal resource on half there tenement, going to upgrade to indicated this month
    MDL lodge
    Proposed 30mtpa by end of 2013 (over $1b profit at todays coal prices)
    MD owns 41%
    Noble group owns 31%
    linc sold galilee tenement in the area, giving EER blackall tenement a value of over $600m

    market cap only $94m
 
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