The more I read into this stock the more I like. Two t/o offers...

The more I read into this stock the more I like. Two t/o offers currently rejected and good reasoning as to why imo.

Some compelling initial information coming out suggesting they have a mammoth resource even at a level down to 350 metres. Initial port access secured and a pre feasibility study about to be released before the end of year. About 250 million shares on issue once the current placement/SPP is completed which is underwritten by BBY limited. Co incidentally they were involved with another old favorite of mine namely GNM.

Some statistics.

An exploration target of 30-36 billion tonnes of coal has been identified. This target includes 9-11 billion tonnes of
near surface coal at depth of less than 350 metres. This is an exploration target defined within the parameters of
and in accordance with the JORC Code, and is not an estimation of in-situ coal.

This review has identified an estimated total sub-crop strike of approximately 335 kilometres, which marks the prime exploration target areas for the Company.
To date the resource figures of 511 million tonnes only relates to 20 kilometres of sub-crop!!!

To add to this, potential sites to be targeted next year will be closer to port facilities!

Worth a look imo. Please do your own research as holding and applied for my full entitlement in the SPP.