No one talking about it so must be some smart money buying in.
2.6 billion tonnes of bitumunous medium to high quality coal. I dont know who has been doing all the buying but a lot of people seem to be getting in on this one.
By the way does anyone know the progress of the Wallarah deposit? If this is approved by State government then look out! 1,030 mt of good quality thermal coal in this deposit, this obviously is not counted towards the CEY resource total as its in dispute.
This deposit would add at least 5 million tonnes per year capacity to CEY. I think with coal prices going the way they are the royalties that would be produced from such a mine would be enormous, might help swing in CEY favour.
CEY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
