while i agree with your apples with oranges comment.
the reality is the adelaide to sa rail line is being massively under utilised and has been losing money hand over fist. Any big user would be greeted with open arms.
under 200m, I would assume there is a vast (many millions/billions) of tonnes at this sort of depth.
I know we got the mineral rights for this coal area but do the mineral rights identically overlap our O&G rights? I dont know, maybe bigger, maybe smaller.
regardless, as others have said the coal has not moved the market to date and I would not like to see us put any more holes in the ground proving up that resource/coal thingey until we are very clear on not only a direction but also who our partners are.
so, lets not go on like a bunch of school girls gazing at some 12yr old canadian singer. Lets just agree that the next drill schedule is very important and that any success should see the sp increase somewhat significantly (which will not be hard given we are currently i believe very inexpensive).
CTP Price at posting:
35.5¢ Sentiment: LT Buy Disclosure: Held
