Just saw this on the POLO resources website, in my opinion polo resources is cheap indeed with all their investments on the site. here is that extract re GCM in case anyone missed it here...
Coal Projects, Bangladesh 27.80% equity interest
GCM has identified a world-class coal resource of 572 million tonnes (JORC compliant) in Northwest Bangladesh, called the Phulbari Coal Project (“the Project”). The Project is a substantial coal resource with potential to support a long life, low cost mining operation and is the only such deposit in Bangladesh that has been subjected to a full Feasibility Study, including an Environmental and Social Impact Assessment prepared to international standards. The Project has the potential to produce high quality export grade coal at competitive average stripping ratios and low operating costs, for an initial estimated 35 year mine life. GCM has recently had a change of management and since then raised funds via a share placement in which Polo participated.
Over the next 12 months GCM will continue in discussions with the Government of Bangladesh to progress the Project.
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