Hi GFM, Welcome aboard.Yes, we have a significant coal seam...

Hi GFM,

Welcome aboard.

Yes, we have a significant coal seam here, and who knows what we will uncover when we start drilling the rest of the licenses.

BUT... Seam thickness is one thing. Coal quality is another. It looks like we have a reasonable quality of coal here, but not hard coking.

CHeck out TVN as an example of what I am talking about. They have purchased one license (I think it's only one) and have discovered a coal seam some 3 times thicker than the one we have, but because the quality is not great, their market cap is not much better than ours at the moment.

All we need is one big discovery of quality and the SP will very quickly be several times where it is now. However, as with all junior resource plays, there is always the risk that discovery will never come.

We know we have coal. We don't yet know how much, and details of the quality are sketchy. This, IMO, is one of several factors holding the share price back at present.

Prospectus due today.