sub bituminous coal

I have phoned the office and over the weekend wrote to Rob Smith to ask about this project. I really think it have been over looked I hold an a little voice inside me says buy more but I have not done so yet as not many people are!?

5 billion tonnes of sub bituminous coal must be worth a
s-load? Anyone have an idea?


Columba Project, coal, 100% Tasman


Project Description
Possible Permian coal basin, interpreted from TEMPEST survey combined with existing drilling, seismic and gravity data. A strong NW–SE trending conductor from 70m–130m depth is believed to be indicative of a trough very similar to several narrow linear troughs further to the east which host the Lake Phillipson and Penrhyn coal deposits. These are located within the upper portions of the Mt Toondina Formation within the Permian Arckaringa Basin and according to government reports contain in excess of 5 billion tonnes of sub bituminous coal (PIRSA Report Book 96/25, 1996)

Any future coal discovery by Tasman could benefit from its close proximity to the existing Lake Phillipson deposits and the Darwin/Adelaide railway which is located 30km to the east. A potential market for the coal would be the Port Augusta power station which is serviced by rail access and is anticipated to exhaust its own coal reserves at Leigh Creek within approximately 15 years.


Location
80km southwest of Coober Pedy, 30km west of the Port Augusta to Darwin railway.


Project Status
Grass roots prospect, requiring target definition and drill testing.

I got this from the internet:

Sub-bituminous coal - This is a medium soft coal that contains much less moisture than lignite and is not nearly as crumbly. Like lignite, its primary use is in the generation of electricity. The carbon content of sub-bituminous coal runs from 35%-45% and its heat value generally ranges from 8,000-13,000 Btu's per pound. It is produced primarily along the east side of the Rocky Mountains from eastern Montana to the four corners area where the states of Arizona, Colorado, New Mexico and Utah join