size of resource is very large, page-8

nickvc,

I have probably released enough calcs for one day, but I shall give you the simplified methodology and you can calc your own value numbers.O K ??

Now I have said in earlier posts today that CTP [and JV partners] could have at least 1 billion tonnes of coal below their tenements. Take that tonnage, apply a gas yield to it that you can guess based from other similar projects. Then take your PJ of potential gas and see what the Queensland producers like Qld Coal and Arrow are receiving per PJ, and there you will have a 100% value calc.Then take CTP's share and divide it by the number of CTP shares and then you will have an answer. If you post your answer I shall guide you in relation to mine. An interesting exercise which will test the size of your calculater. Conix