Member Info for reggie72

With significant first production due to start shortly then the money will start coming in. SNRP will now start being profitable for the first time in it's history. They have a shed load of coal and believe 1bn tonnes reserves on the cards.

Is the target and imo they have it.

There are risks associated with most resource stocks. Tax situation will never be as bad as in Australia. As this price i have tucked a few away.

Upon financing and production start -based on current reserves- Well they have both of those and have been drilling for well over a year and upgrade in reserves due to be confirmed in CPR- Phase 5 drilling they have premium Thermal coal.

Looks like they are ready to go now. First major production to commence shortly, can't believe SP at 17p!. Looking to double reserves- Forthcoming CPR will be interesting!.

This new appointment looks to have a very good CV.

They have also got a City presentation on Thurs i think. Now would be a good time to get some bullish news out!

http://www.growthcompany.co.uk/recommendations/1646988/strategic-natural-resources.thtml