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10/08/11
17:10
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Ace of spades - like your bullishness not ramping of course.
I have tried to run management by a few broker mates in Perth - no obvious gaping holes but you never no.
Equally tried to contact co - but nil luck to date.
We all appreciate Mongolian coal plays have been the latest fad / potential of late and all from a very low base.
Current m/c ~ $30m.
my ?'s
How secure is the overall deal? What % are the JV's getting and what exactly when done?
What are the JV partners like/standing?
Where is the 3rd drill hole in relation to the second - distance?
We have been given some info on the coal quality?
Is current drilling over obvious trenching? - I would imagine so.
Why is the Peabody open pit mine not operational - was it ever and are they just waiting to prove up a resource?
What of ck coal prospects here or elsewhere?
Like the story but proceed with some caution.
I appreciate they are obvious ?'s- I will persist.
finch
karratha
gas ships still leaving - Iron ore still coming in and dodging bulk carriers to get to the red Emp spot.
