Ann: 101.2Mt Inferred Resource at Bundaberg Pro, page-14

re: Ann: 101.2Mt Inferred Resource at Bunda... valinvestor re "This coal they have found is so deep it will cost well in excess of $1 billion to develop."

You could be correct time will tell. I on a slow sharemarket day I was just in the process of looking up companies I followed in past years. Like you I was a FXR shareholder for years but sold out at over$1 to chase other companies.

But my interest in FXR also extends to the fact that I have lived 30klm+ south of Bundaberg for the past 22 years, and for all that time I have known my water bore terminates in a coal seam 150 ft underground.


There is a lot of coal in the ground in QLD and I will be surprised if the FXR Bundaberg "DISCOVERY" gets developed very quickly.