Its my understanding the announcement is good news.
The company target was only this:
Nuurst had an exploration target of:
50 to 100 million tonnes thermal coal
(assuming an average coal thickness of 8m)
Calorific value range Qdaf 6200 to 6800 kcal/kg1
And this is what they found:
Coal sequence thickens to 192 m,
Nuurst Project, Central Mongolia
- Continued significant coal sequence 192 m thick
- Multiple seams, including a single seam 115.5 m thick
- Initial assays confirm high quality Mongolian thermal coal with a CV of 6635
kcal/kg (daf)
So.. this a real POSITIVE, because company was organise, planned to market the Target, so the got better than expectations..
I'm happy to keep this for long term now..no wonder alot of people got this at a higher price than mine. I wish i had more money for this..
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