RE: CDB has the Best Coal Data So farGXS had only 18.5 million shares, two 20 m coal intercetps and a short squeeze to get to $20.
WER had something like 20 million shares, a historic 7 m of coal with 11 m of coal rubble, (which is sort of like 18m of coal), and released that info near the GXS price peak.
CBD has 84 million shares, a historic 145 m of loose sand with coal partings, and some sort of 14 foot (4m) zone and released that info in the basement of an world economic collapse.
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GXS now has 10 holes with an average of more than 20 meters of coal, 20 million shares, and still has at least 10 million dollars in the bank. They are currently drilling, have permits for 300 drill holes, and have 40-odd planned holes to complete and report on for the current program. They just added a third drill rig which should be turning by now.
WER seems to be heading for 34 million shares or so, and I estimate 2.5 million dollars (I really haven't looked that closely). They are currently drilling. They are permitted for 25 holes, although the number of holes they can afford to drill is probably less.
CDB has the aforementioned 84 million shares, and about 0.7 million dollars in the bank. They have no drilling yet, and no announced drill permits yet
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That pretty much explains the price variations and valuations, at least to me.
Things could change, but for now, there you have it.
Have a good weekened, I always do.
HT