Hi All Holders,
have held this one for a while now.
Have not had any experience with coal & didn't know if 60m was a good seam thickness or just ok. Judging from ME comments in some announcements it was good.
On the weekend saw a mate who is a consulting engineer specialising in coal and asked him,"what is a good seam thickness?"he said "that they will dig down 150m to get 6m of thickness!!" So I said "then 60m from surface would be ok,"he said "that would be bloody fantastic".
So it would seem that based on the two holes, 60m & 40m in the one area they have made a call that the whole of the tenements are prospective enough to make the call to Buy.
hope he is buying into CEO today,
cheers
cj
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