So it is possible we have a resource around the 6.2bt of coal...

So it is possible we have a resource around the 6.2bt of coal which would be a 50% increase on what we had.

Ok Valuation at 4.2 bt was conservatively at 17c... Add a 50% increase (assuming new target gets converted to jorc) and we have a price target around 25c..

Lets not forget the new target area is 8 x 12 km which is 64 km2 of additional strike and coal in target area is of similar grade to prev jorc...

Looks like the coal thins out to the South west ... Question is who owns the land to the NE ? and is NMR hegotiating to acquire it.?