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Page 52 of the Sunday Times(January20,2013)Paul Adams DJ...

  1. raiderup
    17,248 Posts.
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    22/01/13
    10:46
    Post #: 11318530
    Page 52 of the Sunday Times(January20,2013)

    Paul Adams DJ Carmichael
    SPEC BUY

    NMR's update this month on its activities included progress on the Takatokwane thermal coal project in Botswana and progress on negotiations on several brownfields oppurtunities in Africa.
    The draft Mining options study indicates a two-stage coal developement scenario is the optimum for its big six-billion-tonne plus thermal coal resource,involving a stage one opencast,followed by a stage two underground operation for premium coal.
    NMR should announce some news on its diversification strategy,which we beleive will be well received by the market.


    Raider
    NMR Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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