Conceptual can still include numbers. In coal, the difference between Scoping and feasability rests on two crucial pieces of information.
Firstly, Indicated and Measured JORC Secondly, washability data
However, knowing even the coal type (bitu, sub-bitu, lignite) etc they can use a best guess and create a hypothetical yield and tonnes/annum CAPEX and OPEX. Also, knowing the type of coal, you can get a likely price of sale type, be it coking, thermal export, pci etc.
They didnt mention any numbers yet mentioned both were "cashflow positive".
I'm going to hazard and guess and say the ROI was not up to scratch, so they want to "sure up" their position by doing further drill in the hopes it goes better.
GLTA holders. You may just need it.
NMR Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
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