Take a look at this from a relatively neutralpoint of view. Golconda, the former owner of the 480 foot intercept, may have had a fabulous amount of coal, but they would not care for a few reasons.
#1 Coal was very inexpensive when this drilling as done.
#2 They were looking for Gold predominantly base metals second and diamonds if they could be so lucky. Finding coal was relatively worthless to them.
#3 The drill logs from the drillers did not specify just how large the intercepts were, or the quality of the coal. By not knowing this, even if this was the motherlode of coal, the CEO wouldn't have likely known.
At least when GXS was looking for diamonds and found coal instead, coal was considered quite valuable. It will be interesting to see if this 480 foot intercept is more silt as some suggest, or more coal. Only time and drill results will let us know the quality and breadth of this find. I'm holding onto my shares until I find out. At 7 cents I believe the upside to be much greater than my downside. Just one man's opinion.
Good luck to all,
x