coal company comparison, page-4

your list includes a lot of producers which explains why coalworks is the cheapest on that list.
amongst exploration companies CWK is average on a coal to EV basis. this is excluding the northern section which could have a billion tons of coal.
however people are missing the point in the fact that
- Australia and NSW is politically stable.
- rail is right there on top of rail.
- there is easy access to power and water
- labour is nearby
- the rail is linked to an uncongested port.
- the seams are actually very flat, which makes it easier to mine.
- the overburden is 10 meters in some areas - i.e., just dig it out
- RIO is literally a few km south.
- the quality of the coal with washing is EXPORT worthy. its not the spontaneously combustable liginite crap that other exploration companies are looking to gassify. CWK will be mining coal.
- the whole area is full of coal and clay mines.
- mining has already been done here in the past.

also:
- it is now cashed up with an extra $25mill in the bank.
- it is drilling now

IMHO when it comes to actually MINING a profitable resource the amount of JORC tons insitu is not as important as the above points - which many comparative junior explorers clearly lack.

the only technical difficulty i see for CWK is pumping/sealing out the groundwater from the aquifers. other mines in this area have already overcome this in the same area however so nothing extraordinary will be required here.

in summary - insitu tons mean nothing to me if you are serious about being a resource investor.