Ann: Exploration Approvals issued for Crown Mount, page-9

re: Ann: Exploration Approvals issued for Cro... Hi Freddy

Noticed the buy again on close yesterday. Agree that we seem to have a support level in low 30's.

I think the current market cap is about right at the moment. Key catalysts for further upside will be, in my opinion

1. Dunlevy licences (big tick)
2. Drilling at Crown Mountain - coal quality test work etc
3. Resource definition (late 2012).

Should be a busy 6 months ahead with plenty of activity and news flow. These prices will prove cheap IF coal quality is high, and decent resource is defined. 15mt estimate (Blackswan Equities) will justify share price of up to 70c, with anything above this figure offering further upside.

Drilling at Dunlevy offers further upside - and could be significant.

Cheers

Doyle