scoping study publication

As mentioned by others here, NMR have told us the initial scoping study is due for publication before end of Q1.

So will re-post a few of the old ramblings for what its worth... hoping we may see a bit of a push next week by the powers at be... though they seem to be looking after themselves quite nicely.

At least coal is a nice change from the newly loved oil juniors...

May be some upside here if the can prove they can "value add" to these rocks (gas, liquids, gold, diamonds, doubloons, T-rex bones?). Downside if not favorable... anybodies guess.

And before you ask... yes dear cap... have bought a few more recently - simply hoping for a small trade in my favour. So please, DYOR.

All the best

DYOR etc etc and all that

bsh

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This hoo hah from 29th Jan.... seems to have been on target.

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STAGE 4 - PUBLICATION of the SCOPING STUDY DATA BY NIMRODEL

Evidence of the receipt of scoping study by NMR, and then its slightly delayed publication as follows...


4a) From DJC research note - "We look for upgrade to this
once drill results are forthcoming from Phase II, which should be a further value catalyst for the stock, in addition to the publication of the Scoping Study document
towards the end of 1Q2012."

4b) From the "HIGH GRADE" article entitled "Out of the Blue", Chris Mason hints at the slight delay in publication (to allow time for NMR strategy to be completed) -

"Once the scoping study is completed and Nimrodel has defined its future path, it will look to bring
on a partner to assist in developing the project."

4c)From DJC research note - we also see that PUBLICATION of the scoping study is a separate issue from the ANALYSIS AND REVIEW of the scoping study by Nimrodel.

"...the market has not yet recognized the value proposition. We believe a potential catalyst for this will be the publication of the Scoping Study report, which should set the rough parameters for a potential operation, or at least, define which options NMR are considering
to move the project to the next level"

4d) From NMR annoucement (the biggie!) on Nov 16 2011, we see the word "reporting" used in conjunction with the time period of "first quarter" as opposed to the month January specifically -

"Completion of the maiden resource estimation is essential in advancing the Company’s ongoing Scoping Study which is on schedule for reporting in the first quarter of 2012"

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So summing scoping study stages up...

1) PRELIMINARY SCOPING STUDY RESULTS: These should have been in NMR clutches for some time now. All is looking good too - with the southern TRIPROP "farm in" progressed and drill results looking good. At very least we are looking similar to our favorite peers - AFR AVA etc.

2) COMPLETION OF SCOPING STUDY: I believe that given their punctual nature and record - NMR may well have the scoping study on their desks right now (given it is the 29th of January). They are not obligated to tell us immediately - and they have to weigh up the pros and cons first.

3) ANALYSIS BY NMR: Nimrodel have promised that they will review the study as quickly as possible / practical - and work out a strategy in conjunction with "Nightingale" work. There are many reasons why they will push to get this done ASAP.

4) PUBLICATION: For the punters. We will see what NMR have come up with in the way of strategy and what the "Nightingale" study itself concluded/suggested - both due for release before Q1 ends.