24 Jun 2011 announcement
Attractive Deposit with Significant Exploration Potential: The Nuurst licence is a large exploration licence covering known coal mineralization on a larger coal
deposit (Tsaidam). Following a review of available historical data, Nuurst has an exploration target of:
50 to 100 million tonnes thermal coal, Calorific value range
Qdaf 6200 to 6800 kcal/kg
Management had been upfront with quality. So i thought they had been honest and did not fudge the figures all this time. We got carried away and expect too much.
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