The report answers some questions and poses new ones.The fact...

The report answers some questions and poses new ones.

The fact that the current MD has put his name to what the previous MD announced is a good thing. We now have all the information available to this point.

We have now had confirmation that there is a coking coal deposit and it's hoped that further drilling will confirm how commercial.

If the upper target of 250mt can be translated into JORC and we give it an inground value of $0.75 pet ton. We have a valuation for Comet Ridge of $187.5 million dollars.

This equates to a value of 23c per share. ($187.5m divided by 732,955,142 shares plus 79,094,439 unlisted options)