re: Ann: 101.2Mt Inferred Resource at Bunda... Hi samkos,One...

re: Ann: 101.2Mt Inferred Resource at Bunda... Hi samkos,
One thing I know is that I understand coal and the coal market.
The billions of tonnes you refer to are years away from ever being discovered. The resource FXR has is an inferred resource. Basically means that they have drilled approximately 4 km spacings between holes. After onferred is indicated which is from memory drill hole spacings between 500m and 1 km. Thereafter a measured resource can be obtained with drill hole spacings up to 500m. After that you get your reserves.
Reserves is what is likely to be in the ground.
From an indicated resource you can get a probable reserve.
From a measured resource you get a proven reserve.
For what it's worth, it is my educated opinion that FXR has nothing special at all. Don't believe me, ask around on other hotcopper forums like COK, MTE, BND etc.
Posters with a fair bit of knowledge that can give you their knowledge are psi81, hotfire and some others I can't remember off the top of my head.
Good luck - you are going to seriously need it with FXR.