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To: Claude Cormier who wrote (122454)	7/9/2008 12:01:13 AM
From: Rocket Red	Read Replies (1) \| Respond to of 313478

6000 is a better dream than gxs at 100 or 200

To: Claude Cormier who wrote (122454)	7/9/2008 1:37:58 AM
From: hank2010	Read Replies (3) \| Respond to of 313478

Claude: re GXS "Even if the discovery has merit" Have you seen any other junior with as good a discovery in the coal business? I have not. It is comparable with the largest coal mine in the world, Peabody's North Antelope, south of Gilette, WY. They ship 5900 rail cars a day. It is in a mountainous area, GXS is flat. two holes 1 mile apart and elevation change is only one foot, thickness of the good upper seam is exactly the same (22.7m). Is it good reasoning or speculation to expect the dimensions of this block of coal to continue for a while? CIMM standards for reserves and resources were adopted by the 43-101 regulators. As per DJ (post 122340) the measured resource is 69 million tons already, the inferred is 2.3 billion tons. size may remain a speculation as you say, but the speculation is will it be the biggest or many times larger than the biggest. Quality may remain a question mark, but for now I am assuming it is low quality thermal coal rather than coking coal (some are more optimistic!) Utah thermal coal is being trained to Vancouver for shipment overseas. Sask. lignite is being trained to Atikokan and Thunder Bay. GXS should be able to break into either one of those markets, but the big markets will be as a result of the huge amount of coal. Mine mouth generating stations? Existing plants wanting to tie up a more reliable, cheaper source of supply? Besides, with GW the port of Churchill should be a year round port shortly. When the Hemlo ore-body was being drilled off, a now famous mining analyst working for Dominion Securities, where I dealt, convinced management that the play was an overheated promotion and they cancelled margin on golden Sceptre and Goliath (costing me lots of $)when they were trading in the 3-4 dollar range (before hitting 30 and becoming Hemlo Gold). those 80 foot intersections of .3 and .4 oz/ton (12 to 16 g/t) were not common in Canada and it took a long time for the "experts" (the same ones who did not bother to take their own samples at Bre-x) to appreciate the significance of the discovery. Neither is 75 feet of coal common.

To: Claude Cormier who wrote (122454)	7/9/2008 12:34:22 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 313478

Saskatchewan’s 1st Bituminous Coal Seam In April, a junior exploration company searching for diamonds on claim blocks north of Hudson Bay instead intersected a coal seam. According to lab analysis, most of the coal is high volatile bituminous C and subbituminous A. Saskatchewan is already Canada’s third largest coal producer, but it has only produced lignite coal. This is the first occurrence of a quality bituminous coal seam. Source: The Northern Miner, May 16, 2008 nucoalenergy.ca