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Strategic Natural Resources
- BY: Andrew Hore |
- POSTED: 27/05/2008 |
Strategic Natural Resources says that the measured coal resource of its Elitheni coal mine has increased to 25.8m tonnes.
That is nearly four times the figure when SNR floated in August last year and more than double the previous upgrade in September.
The latest figure includes the initial drilling results from phase 3 of the prospecting area.
The shares rose 2.75p to 29p – just short of last August’s placing price of 30p a share. The company is valued at £18.9m.
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