TVN 13.2% 6.0¢ tivan limited

help with coal quality, page-67

  1. 339 Posts.
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    24 Jun 2011 announcement
    Attractive Deposit with Significant Exploration Potential: The Nuurst licence is a large exploration licence covering known coal mineralization on a larger coal
    deposit (Tsaidam). Following a review of available historical data, Nuurst has an exploration target of:
    50 to 100 million tonnes thermal coal, Calorific value range
    Qdaf 6200 to 6800 kcal/kg

    Management had been upfront with quality. So i thought they had been honest and did not fudge the figures all this time. We got carried away and expect too much.
 
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