Time to revive a bit of healthy speculation about Hughenden in...

Time to revive a bit of healthy speculation about Hughenden in my opinion. Below is a list of some of the more well known companies working in the Galilee Basin, with the amount of land they hold in the basin, and their resource from that area.

N.B: For the companies that this applies to, I have omitted the resources and tenement sizes for projects outside of the Galilee basin.

COAL TENEMENT COMPARISONS

Hancock Coal
210kHa
7.9Bt Coal Resource

Bandanna Energy
19kHa
589Mt Coal Resource

Waratah Coal
300kHa
7.4Bt Coal Resource

Vale
300kHa
~12Bt Coal Resource (non-JORC compliant)

Adani
26kHa
7.8Bt Coal Resource

Guildford Coal
1480kHa
No Resource

CAP
220kHa (Net WI)
No Resource

COAL QUALITY STATS

** In-situ sulphur content across many of these projects sits at about 0.5%-0.8%
** In-situ CV ranges from as low as 17MJ/kg to 25MJ/kg
** In-situ ash content ranges from 12%-28%
** Seam thickness ranges from 0.5m-8m with a middle ground found at around 6m
** Wash tests on GB coal has generally brought the ash content under 10%, with the CV ranging from 25MJ/kg to 28MJ/kg

Interesting stuff isn't it! It makes you wonder why CAP is so cheap right now, even with how badly the JV has been handled!