watch this coal spec play

With recent moves on TCM from .35 to $1.15 within a month I think EER should be closely watched now, 20mil tradable stock on the market & 70mil in escrow, $4mil cash, though 90mil is a fair bit of stock they are targeting a large resource "79 – 90 million tonne mineralisation target"

With only 20mil available to play with on market, one can only think once drilling begins in the near short term increased buying activity will push EER towards its highs again & if drilling is a success EER has the potential for serious gains.

COAL = the next Iron Ore type boom imo

DYOR

Speculative play


Key points: From Recent Announcement
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Exploration license for Blackall Coal project granted,
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Tenement hosts historical 79 – 90 million tonne mineralisation target1,
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Company believes scope exists to increase the mineralisation target considerably,
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Notice of Entry forms to be lodged shortly, with drilling to commence within months, and
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East Energy to fast-track delineation of JORC compliant resource at project.


“We know, based on historical drilling and evaluation, that this project hosts a sizeable mineralisation target which has strong development potential,” East Energy Chairman Terry Byrt said.
“It is our intention to spend the best part of the next six months drilling at the project so as to prove up this resource and aggressively explore the previously un-explored areas of the tenement.”