Coal

[mhlld]

SN.V, Somethings brewing with the Middlemount 254mt Thermal and Coking deposit in Queensland. Jeremy Barlow's, Global Resource Asset Exchange(GRAX), has had the deposit listed for sale with bids due by Dec. 24, then last week the bid date was extended to Jan 21st. As of tonight, tomorrow in Australia, the listing has changed to "An interest in the Middlemount coking and thermal coal deposit in Central Queensland"
According to the last press release any sale of Middlemount would be split 50/50 between SN.V and DJB Coal, also Jeremy Barlow's company.
DJB coal then has to make the expenditures to further advance Sennen's Onaview and Collingswood thermal and coking coal deposits for DJB coal to earn their full interest.
http://www.resourceassets.com/CMS/DesktopDefault.aspx?tabID=3393
http://biz.yahoo.com/ccn/041202/3b0e453051988f288ce217002f492938_1.html