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To: Traderworld1 who wrote (116858)6/4/2008 12:17:54 PM
From: Land Shark  Respond to of 313970
 
They already assayed two holes 2 km apart from each other and both showed 24m? or so of subbit. coal.



To: Traderworld1 who wrote (116858)6/4/2008 12:23:33 PM
From: Rocket Red  Read Replies (1) | Respond to of 313970
 
assays already out on high grade coal!!!2 drill holes 1.6 kms apart both have 30 meters of coal.

Do the math for the area some say 1 billion tons

Coal is what 300 per ton

Lets just give them 200 mil tons at 300 buks thats a value of 6 billion dollars so discount it to 1 billion dollars

GXS market cap 130 mil

plus these shares are tightly held

no financing coming they got 3 mil in the bank to drill