Thanks for the feedback nihilism.Good to have both sides of the...

Thanks for the feedback nihilism.

Good to have both sides of the story - no trouble there!

I know HC is not ASX, and does not reflect on a posters history in the markets, but it is much appreciated to see you taking the time and posting here on the NMR threads so early into your HC "membership".

Many other non holders would have just passed right by.

The banter/to and fro is part of what makes some us more sure of the stock in some ways! Good to consider all angles.

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Totally agree that Aussie coal is top shelf. Just look at Gurijat mining near Woolongong - every last scrap of coal shipped off to India.

However the comparison being made to NMR is primarily to other "Botswana" coalers - not Aussie coalers - and those in Botswana have been given significant value on their own merits with similar coal.

Honest question - have you seen coal like this AFR / NMR stuff being mined and sold on the market?

Looks like AFR are doing some serious bulk tests on similar coal soon, would be interested to get your angle on whether they are pursuing a valid market for their (similar) product also?

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Transport by rail - vital to bulk export in the future - agreed. But it seems that other Botswana peers that are valued higher than NMR - are also trapped too (even with closer rail - it seems that the existing rail is near capacity by some reports)?

The following article shows that NMR is fully aware of this matter - and so are pursuing other avenues of revenue at the same time.

http://www.nimrodel.com.au/media/files/Resource_Stocks_profile_on_Nimrodel_Dec_2011.pdf

Scoping study is going to show if this is viable.

As for all Botswana coalers awaiting rail, even from AFR Concept study we read...

"...Requires new rail/port infrastructure to be built – either the Trans-Kalahari or Ponto Techobanine infrastructure corridors. Total cost for each of these corridors is approximately $10 billion, similar to proposals to develop Queensland’s Galilee Basin. Both existing transport consortia have indicated plans to be operational by 2016.

...Recent entry of Indian interests into Botswana’s coalfields suggests infrastructure issues will be resolved"

Do you reckon they have a chance with their hopes of gas/diesel etc?

How far does the market look in your experience - and would India and China be getting to the point where they would think of trying to stitch up some of these Botswana deposits?

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Seam depth - yes some of the finds are deep.

But if we look at last weeks announcements of Phase 1 South drilling -

holes P2-2, P1-2, P2-3, P1-3 form a relatively shallow square 4km by 4km in size.

Seam thickness...

P1-2= 21.61m from 66m
P2-3= 16.7m from 66m
P1-3= 16.27m from 64m
P2-2= 14.21m from 93m

This "square" may end up 6 x 6km if drilling is successful, as the initial holes only form a perimeter.


The 2 holes immediately to the north (P2-1 and P1-1) show similar thickness of seam 2 - though dipping down as you have mentioned.

Definitely some serious potential for open cut mining of the shallow stuff(65m) there at very least - opening up access to lower seams as they go, depending on the design/strategy of a future mine?

Cost per tonne warning duly noted. A valid concern - but as you have stated - there is still profit in this at today's prices it would seem?

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Thanks again.

No malice intended in previous post.

Regards

bsh