The original resource estimate was based on an 8m thick seam over an area of 7,200,000 square metres.
If the seam is 2.4km long then it must be 3km wide!
Maybe the seam isn't that wide and they are expecting it to be longer. If that is the case then we shouldn't interpret the announcements about seam length as to be exceeding expectations - it is yet to confirm expectations.
No doubt though that the thickness has certainly exceeded expectations.
Sorry guys - you'll note that I've sold. I was very excited previously based on coal price of $60/t but now want more justification of this price from the company.
There you go analyst99 - are you happy :-)
TVN Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held
