Mark Earley is actually exercising the option so he must think it is a good play. I might not know much about coal but I think he does. Yes the share would have gone bollistic if the 3rd drill hole had turned up trumps but reality is they have only drilled a few holes (2 of which are very good and one in which the drill got stuck)over vast kilometres of license area. Yes its speculative but with heaps of blue sky.
CEO Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held