chip away, page-22

Macau, your enthusiasm for Specimen Reef is touching but irrelevant. Specimen Reef is a x billion tonne magnetic anomaly that will take a lot of exploring. I understand that it took 26 drill holes at Roxby Downs to find anything of interest, so it would be a total fluke if 2 drill holes turned up a bonanza mine at Specimen Reef.
Meanwhile, back in the main game Takakwane has 6 billion tonnes of whay now looks like export grade coal.
The significance of this is clear, the prospects of an underground operation to service markets in Botswana and South Africa just got a lot better, as did the chances of finding a suitable "big brother" for the eventual export phase when the transport infrastructure is there, which is a question of when not if.
IMO when they find that "big brother" is when the share price will really take off towards Carmichaels now legendary 17 cents.